US Market Update – Gold and Silver performance against US Dollar explained, as well as the GBPJPY pair which posted a two-month low at 139.10. Pound’s weakness can be explained with Moody’s today warning of the risks that a minority government will pose, and a snap poll of 700 member of the UK’s Institute of Directors finding a “dramatic drop” in confidence following the hung parliament outcome of the election last Thursday. The Conservative Party remains in talks with Northern Ireland’s DUP.
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Senior Market Analyst
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