$GLD and $SLV Prices as of September 17 2018 @moneymetals
8:34 AM
September 17, 2018 -- The U.S. dollar strengthened Friday as gold and silver prices lost a bit of ground.
Once again, investors are watching a rising dollar, rising interest rates courtesy of the Fed, and, at the same time, anticipating continued economic growth. They are finding little reason to seek safety.
Those are strong headwinds for the metals even if all three conditions are unlikely to persist.
The dollar continues to benefit from escalating trade tensions. Exactly how the currency might benefit from an actual trade war isn’t clear.
Jilted trading partners may not continue to support the dollar, either in foreign exchange markets or by purchasing U.S. Treasury debt.
The FOMC meets next week. Anything other than another quarter percent rate hike would come as a shock to markets. Officials have worked hard not to surprise anyone for several years now.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
Once again, investors are watching a rising dollar, rising interest rates courtesy of the Fed, and, at the same time, anticipating continued economic growth. They are finding little reason to seek safety.
Those are strong headwinds for the metals even if all three conditions are unlikely to persist.
The dollar continues to benefit from escalating trade tensions. Exactly how the currency might benefit from an actual trade war isn’t clear.
Jilted trading partners may not continue to support the dollar, either in foreign exchange markets or by purchasing U.S. Treasury debt.
The FOMC meets next week. Anything other than another quarter percent rate hike would come as a shock to markets. Officials have worked hard not to surprise anyone for several years now.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
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