The saber rattling (albeit strongly watered down in the past few hours) coming from the White House and the wayward chatter coming out of Tehran once again clashed on the world political scene.
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In the gold trading pits, economic uncertainties are taking a back seat to uncertainties of a different nature these days.Jon Nadler
While there still remains a strong link between oil and gold prices, at this moment any market interpretation of high U.S. inventory levels is being overshadowed by the tense standoff with Iran.
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Gold appears to be reflecting the lack of fresh bad news ... rather than true profit-taking.
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There is that tug-of-war between would-be buyers and the traders who really are squaring the trading logs before we head into the weekend.
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Aside from the amalgam of worrisome news items coming from many corners of the globe ... the investment community is also looking with apprehension at economic news and has nothing to smile about.
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None of this probing to the downside will negate the fundamental nervousness the market continues to experience, and the hair-trigger volatility will continue to be an integral feature of the metals complex as news keeps coming at it.
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Based on Topics: Past Quotes, World QuotesBased on Keywords: clashed, saber
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