Los Angeles CA, April 4 (Tangible Investments) – by James O’Dell – Precious metals prices were higher in early trading on Tuesday, with Gold up 0.21 percent to $1,255.60 an ounce  as the yellow metal flirts with its 200 day moving average, after gaining $3.80 or 0.32 percent on Monday to close at $1,253.00 an ounce.

The price of Silver is up 0.14 percent to $18.26 an ounce after inching higher $0.01 or 0.06 percent on Monday to close at $18.24 an ounce.

The Gold/Silver ratio, the measure of the number of Silver ounces needed to buy an ounce of Gold, rose to 68.70. Platinum is up 0.10 percent to $956.00 an ounce. Palladium is up 0.50 percent to $805.00.200 Day Moving Average

200 Day Moving Average

The yellow metal hit one-week highs in early trading on Tuesday, as it flirts with its 200 day moving average. “Gold is once again running up against the 200 day-moving average around $1,258 and will target a sustained move through the recent high of $1,262 – $1,265 to recommence the uptrend from the December low,” said MKS PAMP Group trader Sam Laughlin.

Weak U.S. economic data and rising geopolitical tensions continue to drive investors to safe-haven assets. “The data overnight gave some joy to Gold investors. Weaker-than-expected numbers are supporting the view that the U.S. Federal Reserve is not going to raise rates more than a couple of times this year,” said ANZ analyst Daniel Hynes.

Bull Market In Stocks About To End?

Meanwhile, Yale University economics professor Robert Shiller warned on Monday that the raging Trump bull stock market may be exhibiting signs that it is about to end. “Long-term investors shouldn’t be alarmed and shouldn’t avoid stocks altogether,” wrote Shiller in the New York Times.

“But my bottom line is that the high pricing of the market — and the public perception that the market is indeed highly priced — are the most important factors for the current market outlook. And those factors are negative,” he wrote.

It’s important to protect your hard earned wealth during these times of economic and geopolitical uncertainty. At Tangible Investments, it doesn’t matter whether you’re new to precious metals or a seasoned veteran. You will always be dealing with top industry experts.

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