Bullion Insights for the week of 12 June 2017

PRECIOUS METALS MARKET REVIEW.

Weekly Spot Price (5 June – 9 June 2017)
	Open	High	Low	Close
Gold	1279.66	1295.9	1264.38	1265.55
Silver	17.5	17.7	17.11	17.11
Platinum	952.84	967.18	933.86	935.5

Precious metals updates…

·	Gold edges up on weaker stocks, dollar ahead of Fed meeting. Gold inched up on Monday as Asian stocks fell and the dollar eased ahead of a U.S. Federal Reserve policy meeting that could give clues on the pace of interest rate hikes over the rest of the year.
·	SHARPS PIXLEY Sees A 252 pct Increase In Physical Gold Demand. The elections leading to a hung parliament in the UK have seen a rush into physical gold by investors, as the country slips into a political vacuum. The uncertainty both in the UK and indeed geopolitical concerns across the globe have fed into firmer gold prices which have risen 11 pct so far in 2017 in international markets.
·	Economic figures to monitor this week:
	Day & Date	Economic Events
	Tuesday, 13 June 2017	CPI (YoY) (May) (UK) PPI (MoM) (May) (US)
	Wednesday, 14 June 2017	Industrial Production (YoY) (May) (CHN) Claimant Count Change (May) (UK) Core CPI (MoM) (May) (US) Core Retail Sales (MoM) (May) (US) Crude Oil Inventories (US)
	Thursday, 15 June 2017	Fed Interest Rate Decision (US) BoE Interest Rate Decision (Jun) (UK)
	Friday, 16 June 2017	BoJ Monetary Policy Statement (YoY) (JPN) BoJ Interest Rate Decision (JPN) CPI (YoY) (May) (EUR) Building Permits (May) (US)

 Interested in our full free weekly Technical Analysis Report for Precious Metals?

Sign up here:

[gravityform id=”3″ title=”true” description=”true”]