Monthly Precious Metals Report
(May 2017)Source: ScotiaMocatta
Gold prices ran up ahead of the first French election vote, but then
corrected as a Marine Le Pen victory seemed less likely. A calmer
geopolitical arena has also led to long liquidation.
- We expected increased volatility in April and May and that has
been the case. We would let the correction run its course.
- Geopolitical concerns are likely to escalate again as the US is
anticipated to take a firm stance against North Korea and Iran.