Market Report: Gold Steady, Equities Volatile
by Alasdair Macleod
Gold Money
Gold and silver had a better week, before yesterday afternoon (Thursday), when gold steadied and silver slid 20 cents back below the $14 mark.
However, in early European trade this morning gold was level at $1097 and silver slightly better at $14.07. This was relatively subdued, given that US crude oil dropped to under $28 at one point this week, but recovered to $30.60 per barrel this morning. However, the real action was in equities.
The contrast between the soothing tones of the great and the good at Davos, and the carnage in equity markets was as if Davos is a village on another planet. The Dow at its worst was down 2,000 points since 31 December, and there were big falls on all equity markets. The yield on government bonds dropped, indicating that deflationary forces now dominate markets.
Continue Reading at GoldMoney.com…
Source: http://financialsurvivalnetwork.com/2016/01/market-report-gold-steady-equities-volatile/?utm_source=rss&utm_medium=rss&utm_campaign=market-report-gold-steady-equities-volatile
