Gold and Silver Prices as of March 27 2017

11:22 AM


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March 27, 2017 -- Precious metals got a boost from a weakening dollar and some selling in U.S. stocks last week.
The mood on Wall Street darkened a bit as it became clear that one of President Donald Trump's signature issues – reforming Obamacare – was in real trouble. Investors are grappling with the notion that Trump's other big promises, including tax cuts and infrastructure spending, may also be hard to deliver.

The president indicates the focus in Washington will shift to tax reform.

Markets will be gauging the rhetoric from congressional leadership and trying to establish his odds of success. In recent month key Republicans, including Mitch McConnell, have been less than enthusiastic.

The headwinds for U.S. stocks are mounting, and continued selling there could be a boon for gold and silver prices. There will need to be some good news to re-invigorate equity buyers, so we'll see what happens this week.

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