Paris Terror Attack Moves Gold Prices Higher

When the shit hits the fan you better have access to clean water and real money. Or you will simply die.  This is now getting serious and this is not fear mongering. If you do not protect yourself who else will. Do you expect the “entitlement” society to come to your rescue or even the dysfunctional government.  I am going to continue to beat the drum about exhanging your paper money into spendable GOLD.  Through my independent distributor link you can get discrete access to gold.  At least watch this video and Learn More

Nov 16, 2015 – 3:59 AM GMT
The gold price jumped during Asian trading hours on Monday after terrorist attacks in Paris resulted in uncertainty in markets.Spot gold was last at $1,092.80-1,093.2 per ounce, up $9 from Friday’s close. Trading ranged at $1,089-1,093.7 so far.

Analysts said they expect increased risk aversion in most markets generally this week following terrorist attacks in Paris on Friday which had left at least 129 dead and more than 350 injured.

Gold is typically seen as a safe haven asset during market uncertainties.

Gold price gains have recently been capped by a strong US dollar and expectations of a US rate hike by the end of the year.

In currencies, the US dollar index increased 0.33 percent to 99.09 so far on Monday.

In US data announced last Friday, core retail sales month-over-month in October came in at 0.2 percent, missing expectations of a 0.4 percent bump. Retail sales over the same period rose 0.1 percent, another miss as the forecast projected a 0.3 percent uptick.

US PPI and CORE PPI in October fell 0.4 percent and 0.3 percent respectively, both off the mark of a 0.2 percent and 0.1 percent gain.

The University of Michigan consumer sentiment was at 93.1, above the economic consensus of 91.3, while inflation expectations grew at a 2.5 percent clip.

Other data due to be announced later on Monday includes Europe’s final CPI and final core CPI, German Buba monthly report and the US’ Empire State manufacturing index.

In other precious metals, platinum surged $15 to $867/872, while palladium rose $11 to $544/$550 so far on Monday. Silver rose $0.14 to $14.35/14.40 recently.

On the Shanghai Futures Exchange, gold for December delivery was unchanged at 225 yuan per gram, while December silver was flat at 3,272 yuan per kilogram.

– See more at: