November 08, 2019

Gold and silver are on pace for their biggest weekly drop since 2016, falling 3.5% and 7.2% respectively to three-month lows.  The drop comes as equities continued to soar yesterday hitting record highs in each of the three major US indices.  Even after conflicting reports out of the White House regarding rolling back future tariffs, the relationship between the US and China is seemingly improving, putting downward pressure on metals which have thrived over the past several months due to trade uncertainty.