The price of gold has vospolzovalis geopolitical instability

  • And
  • +A

Today markets gold and silver are growing as a result of increased geopolitical instability on the Korean Peninsula, but also reduce the yields of bonds as a result of softening of the rhetoric from fed officials in the last meeting.
Yesterday released statistics on the labor market and real estate in the United States showed growth of unemployment and falling sales of primary residence, which is directly related to rising interest rates. The U.S. fed still hear statements about the possibility of three increases of rates this year and continue increases at the next, especially if there is increased inflation.
Stocks in ETF funds, precious metals have not changed.
Prices on precious metals in Shanghai SGE grew up, trading volumes are average. The Renminbi to U.S. dollar strengthened.
The price of gold after the failure of D. trump from the meeting with the leader of the DPRK has grown to a strong resistance level of $1305, and then show a slight decline.
The nearest support levels in gold are $1300-1290 levels of resistance – $1305-1320.
Silver prices in correlation with the market, gold rose to $16,73. The ratio of gold to silver is 78,30 points. The ratio of platinum to silver is 54.58 points.
The next support levels in silver – $16,61-16,45, resistance $of 16.83-of 17.07.
The price of platinum in correlation with the dynamics of the gold market grew to $914, then dropped to $911. The spread between gold and platinum is $395,5/oz. The spread between platinum and palladium has widened to $65.5 per/oz.
The next support levels in platinum – $906-878, the resistance levels of $915-935.
Palladium prices were down to $965, and then recovered to $972 in correlation with the dynamics of the US stock market.
The next support levels in palladium – $958-936, resistance levels – $998-1021.
__________
Oksana Lukicheva
Analyst of commodity markets,
“Opening Broker”