June 25, 2018

Gold continued to feel the pressure through midday trading as the global markets still feel the anxiety of a potential trade war across many industries and countries.  Although the US dollar paired some of its gains in recent days, it still seems to be reaping the benefits from safe haven buying.  Recent statements from OPEC regarding oil output reductions have offered some sympathetic buoying for gold.  Also, equity markets are continuing their slide down another 2% on the day.  However, most commodity markets are idling until more information on trade becomes known.  Gold is trading down $2.40 (-.20%) at $1,268.30 and silver is down $0.159 at $16.300 (-.97%).