Full Article: SWOT Analysis
By: Frank Holmes
- The best performing metal this week was palladium, up 2.39 percent. In terms of gold, traders and analysts were bullish on the yellow metal this week after being split in the previous week, according to the Bloomberg weekly survey. The bullishness is driven by uncertainty over the future leadership of Italy and Spain, which could lead investors to gold. Hussein Sayed, chief market strategist at ForexTime Ltd. said to Bloomberg in regard to the Italian political uncertainty that “a re-election will lead to a stronger populist group forming, and thus, a possible referendum on the European Union.”
- According to Reuters, sales of American Eagle gold coins in May rose by 433 percent from April to be the highest sales since 2015. U.S. Mint sales of American Eagle gold coins totaled 24,000 ounces in May, up dramatically from 4,500 in April, also the highest level since 2015
Full Article: SWOT Analysis
By: Frank Holmes
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