6th June 2017

 Gold prices moved slightly higher on Monday, but we saw no fundamental reason behind the slight rise other than breaking news out of the Middle East having to do with the abrupt severance of relations with Qatar by a number of other Gulf countries. In this regard, Saudi Arabia, Bahrain, Egypt and the UAE, along with Yemen and the Maldives, all broke off ties with the country in the worst diplomatic crisis to hit the Gulf region in decades.