Gold Price Hits $1230, Silver Comex Bets Jump, as France's Le Pen + Ukraine 'Add to Trump Risk' on Iran
Monday, February 6, 2017 at 07:29PM
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.
If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
Subscribe for 12 months with recurring billing - $199
Buy 12 months of subscription time - $199
If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.
Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.
Winners of the GoldDrivers Stock Picking Competition 2007
Follow us on TWITTER @goldprices
Article originally appeared on Silver Prices (http://www.silver-prices.net/).
See website for complete article licensing information.