22nd August 2017

We had a very quiet start to the week, with the precious metals group ending slightly higher on a number of supportive factors, including a weaker dollar and possible tensions that investors fear could arise if North Korea decides to respond to the US/South Korean military drills now taking place. Having said that, despite gold’s firmer tone, the complex has yet to take out triple-top resistance and as long as we continue to bump against this top without breaking through it, the more intense the market retracement could get.