Afternoon everyone …
Metal have been on a decline over the past two weeks. But not yesterday or today….
Why are the moving up???
This is all Israel/Hamas related. You might be asking why it took so long then. Well if you look historically at wars and conflicts. Metals don’t move until there is uncertainty on whether it will continue or be over quickly.
This does not seem to be a short conflict/war. So with instability comes uncertainty, which makes the precious metals move.
Look at today’s charts from Bullion Vault.