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« Embry – Criminal Banks & Commercials Now Short A Mind-Blowing Nearly 1 Billion Ounces Of Silver At The Comex! | Main | Brexit: MPs overwhelmingly back Article 50 bill »
Monday
Feb062017

Gold Price Hits $1230, Silver Comex Bets Jump, as France's Le Pen + Ukraine 'Add to Trump Risk' on Iran

GOLD PRICES extended last week's 2.4% gains to reach new 3-month highs on Monday in London, briefly breaking above $1230 per ounce even as the US Dollar rose on the FX market amid news of French presidential candidate Marine Le Pen calling for 'Frexit' from the European Union, writes Steffen Grosshauser at BullionVault.
 
Silver rose alongside, but lagged the new highs in gold prices to hit $17.66 per ounce – some 6 cents short of Friday's new 12-week peak.

Proposing a 10% cut to France's income tax rate for lower-earners, plus retention of the 35-hour working work, Le Front National's 144-point manifesto says Le Pen would begin 6 months of "radical" renegotiations on France's membership of the EU if elected in May.

Fearing a loss of access to the EU's 500 million consumers, more than half of UK business leaders believe the British economy has already suffered from last year's Brexit vote, despite the actual process of leaving the EU not having begun, according to the Ipsos Mori opinion pollsters.

 

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