Gold and Silver weekly Update – w/e 25th May 2018
867 views · Published 27 May 2018 · 4:55 · Indexed 23 October 2026
Channel: The 2% Brief · 2018 · People & Blogs
http://illuminatisilver.com Gold and Silver weekly Update – w/e 25th May 2018 Today is Sunday 27th May 2018 and we are providing our gold and silver weekly update for the week ending 25th May. Gold rose $9 last week from $1,292 to $1,301 having hit a high of $1,307 and a low of $1,282. In sterling terms gold finished the week at £978 that’s up £19, and in Euros it closed at 1,117 Euros that’s up 19 Euros on the week. Silver rose 5 cents from $16.46 to $16.51 having hit a high of $16.71 and a low of $16.28. In sterling terms, it closed at £12.41 that’s up 19 pence and in Euros it closed at 14.17 euros that’s up 0.19 euros. The Gold to Silver Ratio rose slightly from 78.49:1 to 78.80:1 The Dow Jones closed on Friday at 24,753 down 58 points on the day but up 38 points on the week; and the NASDAQ closed at 7,433 up 9 points on the day and up 79 points on the week. Brent Crude fell $2.07 from $78.51 to $76.44 and US Light Crude fell $3.40 cents from $71.28 to $67.88 The dollar index stands at 94.25 that’s up 0.62 on the week. Gold fell initially at the start of last week by $10 on the first day. However, it maintained a slow and steady recovery with some turbulence on Friday closing some $9 higher than its week start and $6 lower than its week’s high. The Fed meeting minutes that showed that the central bank will allow inflation to run above target and softer than expected US durable goods orders helped U.S. yields to soften, paving the way for higher gold prices. On the political front the potential cancellation of the meeting between President Trump and Kim Jong-un also impacted prices to rise, but this may prove correcting should the meeting be re-affirmed. Silver like gold fell sharply on Monday and then vacillated during the course of the week. It seems to hit a mean average at or around the $16.50 level but we still hold on to the view than the $16 level will break downwards before June is out. Interest rates, the dollar value, and political considerations are most likely to influence silver prices again this coming week. Quite a few economic statistics are coming out in the next 7 days. The ones to watch are: • Consumer confidence index due on Tuesday • Consumer spending and core Inflation on Thursday • Non-Farm payroll report, unemployment rate and Manufacturing PMI are all due to Friday. Please view our latest videos: Gold and Silver weekly Update – w/e 18th May 2018 https://youtu.be/jcqmuctbbog Gold falls below $1300 – will it fall further? https://youtu.be/3JVnyy8r_jc Why Gold will fall below $1300 by June 2018 https://youtu.be/Wa0lgBiHMdk World Silver Survey 2018 – Our View and Breakdown https://youtu.be/Xv5nWrnq6q0
More from this channel
-
5:02
Greek Debt Crisis Update - by Illuminati Silver
-
5:30
Iran, Greece, Yellen and Precious Metals update by Illuminati Silver
-
5:30
1000 You Tube Subscribers in 4 months - Thank You from Illuminati Silver
-
5:58
Why has the Gold Price Fallen Further? - by Illuminati Silver
-
6:47
Gold, Silver, Stock Market and Dollar Update 23rd Aug 2015 - Illuminati Silver
-
9:07
Harvey Organ - Playing the same tune or a misguided prophet?
-
7:43
IMF Issues warning to the FED over interest rates.
-
11:48
How to recognise a Gold and Silver Pumper - 9 Comments they usually make.