Precious Metals – Gold, Silver Rising Along With Global Trade Tensions
Precious metals moved higher on Monday. Gold prices jumped more than 1 percent, silver climbed 2.1 percent & Platinum rose .6 percent as the U.S. dollar weakened against six major currencies & China imposed extra tariffs of up to 25 percent on 128 U.S. products, raising global trade tensions.
The ETF for gold, SPDR Gold Shares (GLD) moved up +1.17% today.
The iShares Silver Trust (SLV) traded up +1.56% today.
First Majestic Silver Corp. (NYSE: AG), a mining company focused on growing primary silver production in Mexico and who is aggressively pursuing the development of its existing mineral property assets, was up +1.96% today.
SPDR Dow Jones Industrial Average ETF (DIA) was off -2.17%.
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