Precious Metals Break to Fresh Highs

From orbex.com

Gold Bulls React to Policy Guidance and Geopolitical risks Gold climbed above $1,400/oz today, perhaps for a false weekly break. It set up for the fourth weekly winning streak on the back of a dovish Fed and increasing geopolitical risks. The yellow metal opened the week near $1340/oz on Monday, June 17. This makes it nearly impossible for it to turn bearish in the few hours left. The precious metal had marked a 5-year high on Thursday, just cents shy of the psychological level. This came after Wednesday’s FOMC meeting. Policymakers are now leaning significantly dovish as US economic growth continues to slow ... (full story)