May 22, 2017 —
The never-ending controversies surrounding President Donald Trump bled into markets last week, giving investors some reason to buy gold and silver.
Former FBI director James Comey’s memo suggesting Trump had asked him to lay off the investigation of Michael Flynn raised the possibility of impeachment.
Safe-haven buying fueled the best weekly performance in the precious metals in more than a month.
The U.S. Dollar turned in its worst weekly performance since early 2016. Metals may have also gotten some help from James Bullard with the St. Louis Fed.
He raised concerns over recent signs of weakness in the economy and suggested the pace of rate hikes previously outlined may be “too aggressive.”
Stock markets once again shrugged off the concerns over economic weakness and quickly recovered most of the losses which followed the latest Trump controversy.
Check out live metals prices here: