(Kitco News) -Traders and investors are spooked in late-morning trading Monday–probably the most unnerved they’ve been this year. Such is keeping gold and silver prices sharply up and near their daily highs. Worries about an extended and escalating U.S.-China trade war, unrest in the streets of Hong Kong, and U.K. Brexit concerns are combining to make it a big “risk-off” trading day in the world marketplace. Even the “smart money” is worried this present situation could deteriorate into something much more serious, as currency markets are rattled and stock markets are tumbling. All of the above works solidly in favor of the gold and silver market bulls. December gold was last up $19.20 at $1,476.50.
By Jim Wyckoff
For Kitco News
Contact jwyckoff@kitco.com
www.kitco.com
