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Prices for Gold & Silver Surge amid Risk-Off Market Sentiment

April 11, 2017 at 22:32 by Vladimir Vyun

Prices for gold and silver jumped today as the market sentiment continued to favor safer assets. US President Donald Trump twitted today:

North Korea is looking for trouble. If China decides to help, that would be great. If not, we will solve the problem without them!

In response, North Korea announced that it is ready to perform a nuclear strike if threatened by the United States.

Meanwhile, last week’s US attack on a Syria air base continued to worry markets. US Secretary of State Rex Tillerson visit Moscow this week and will attempt to persuade Russia to stop supporting Syrian President Bashar al-Assad. The fact that the schedule does not include a meeting with Russian President Vladimir Putin led to speculations that Russia is not going to forgive an attack on its ally in Middle East that easily. At the same time, the fact that the visit was not canceled outright suggests that Russia is not willing to break relationships with the USA altogether.

Contract for delivery of gold in June jumped 1.62% to $1,274.2 per troy ounce as of 22:11 GMT on COMEX today. May silver rallied as much as 1.89% to $18.25 per ounce.

If you have any questions and comments on the commodities today, use the form below to reply.

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