Monthly Precious Metals Report
(Aug 2017)Source: ScotiaMocatta
After correcting in June and early July, bullion prices rebounded, driven
by the weaker dollar and the Fed turning less hawkish. Geopolitical
concern in the market is surprisingly low.
- A surprise turnaround in the Fed stance from being hawkish to
less hawkish, combined with political paralysis in Washington,
has weakened the dollar and turned Gold prices higher.
- Despite continued North Korean missile tests, markets are not
unsettled and as such, safe-haven demand for Gold seems low.