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SWOT Analysis: A Tie In Best Performing Metals
Monday, April 10, 2017 7:49
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news.goldseek.com / By Frank Holmes / Monday, 10 April 2017
Strengths
- The best performing precious metal for the week was pretty much a tie between gold, platinum and palladium with roughly a 0.50 percent gain. Following the launch of a U.S. missile strike on Syria this week, gold rallied to its highest level in nearly five months, reports Bloomberg. Bullion was pushed back above its 200-day moving average, a level that analysts use to predict whether further gains will continue or stall.
- Earlier in the week, the minutes from the Federal Reserve’s March meeting “boosted gold prices with the mention of the shrinking of the balance sheet,” said Jingyi Pan, a Singapore-based market strategist, reports Bloomberg. “This agenda could potentially conflict with the pace of rate hikes, therefore placing pressure on the dollar.” In addition, gold advanced after automobile manufacturers reported worse-than-expected U.S. sales for March.
- BullionVault’s Gold Investor Index, measuring the balance of buyers against sellers, rose to 54.2 in March from 51.8 in February, reports Bloomberg. “Political risk continues to drive private investor demand for gold,” Adrian Ash, head of research at BullionVault, said in a report.
The post SWOT Analysis: A Tie In Best Performing Metals appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/10/swot-analysis-a-tie-in-best-performing-metals/
