$GLD and $SLV Prices as of July 31 2017 @moneymetals

8:20 AM

July 31, 2017 -- Geopolitical flare ups – including North Korea's firing of a ballistic missile, new U.S. sanctions on Russia and Iran, and Venezuela degenerating toward civil war – could drive safe-haven demand for precious metals as bulls tally up their gains for the month of July.

The rally continued in gold and silver prices last week. Further weakness in the Federal Reserve Note (commonly referred to as the U.S. dollar) contributed to the strength. Weaker-than-expected GDP growth also helped tamp down expectations for more tightening at the Fed.

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