Gold And Silver Hold Firm As Stocks And Oil Lower In To US Holiday Weekend

November 23, 2018

Key Gold and Precious Metals News, Commentary and Charts This Week

Gold and silver traded sideways this week as we saw stock markets take some heat and undo most of the recent recovery from the October sell off. Oil has sold off and is now at levels that we haven’t seen since 2017.

Credit: Weekly relative performance (Finviz.com)

While the US markets are quiet due to Thanksgiving all eyes are focused on Europe and the continuing debacle that is Brexit. With the expectation that a deal is going to be signed between the UK and the EU, this will mark the next step in the attempt for the UK to leave the world largest single market.

Following the signing of the agreement, Theresa May next has the mammoth task of trying to get the British Parliament to agree to the deal. As it is highly unlikely that the House of Commons will co-operate, what next for Brexit? GoldCore CEO Stephen Flood discusses Brexit and its potential effect on globalisation in this week’s video.

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

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