September 16, 2019

Gold and silver both begin the week trading up as geopolitical tension in Saudi Arabia and weak economic data out of China boost metals’ appeal as a safe haven asset.  Terrorists attacked two large Saudi oil fields on Saturday, cutting off over 5% of the world’s oil supply and causing oil prices to surge once markets reopened.  Economic data released by China today shows that their industrial output is up  4.4% YOY, its lowest level in 17 years.