$GLD and $SLV Prices as of June 4 2018 @moneymetals

June 04, 2018 — Gold and silver inched slightly lower last week. The metals got some safe-haven buying early in the week as two of the PIGS nations – Italy and Spain – re-emerged in the headlines.

But concerns over debt and the slow motion failure of the European Union vanished back into the Orwellian memory hole nearly as quickly as they appeared. By Friday, the equity markets were rallying and investors were discounting safety.

It’s unknown what will put a real dent in the optimism that lingers on Wall Street. The renewed prospect of a global trade war wasn’t enough either.

Last week, the clock ran out on trade negotiations with the European Union, Canada, and Mexico. President Donald Trump ended a temporary suspension of the tariffs he imposed in March on steel and aluminum. The president has also threatened to expand tariffs to include imports of European cars.

Check out live precious metals prices here:


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