Los Angeles CA, April 10 (Tangible Investments) – by James O’Dell – Gold Silver prices mixed in early trading on Monday, with Gold up 0.02 percent to $1,254.10 an ounce after gaining $2.20 or 0.18 percent on Friday to finish the week at $1,253.80 an ounce.

The price of Silver is down 0.81 percent to $17.82 an ounce after sliding $0.28 or 1.54 percent on Friday to end the week at $17.96 an ounce. The Gold/Silver ratio rose to 69.81. Platinum is down 1.58 percent to $937.00 an ounce. Palladium is down 1.62 percent to $788.00.

Gold Silver Prices Mixed

Gold edged modestly higher in early trading on Monday as the dollar firmed after weaker-than-expected jobs numbers on Friday. Gold hit 5-month highs above $1,270 on Friday after the U.S. bombed Syria, before closing below its 200-Day Moving Average.

MKS (Switzerland) S.A. called Friday’s close in Gold below its 200-DMA, disappointing. “From a technical perspective, Friday’s close below the 200 DMA puts a bearish slant on the metal and opens up the potential for a leg lower over the short term, testing support at $1,240,” says Sam Laughlin, of MKS.

“That being said, geopolitical tensions are likely to be supportive and may put the brakes on what would otherwise be a retracement from the mid-March uptrend.”

FXTM research analyst Lukman Otunuga called Gold’s moves, “chaotic,” first rising then falling. “Gold’s trajectory on the daily charts remains tilted to the upside, with bulls in firm control above the $1,240 higher low. From a technical standpoint, a solid daily close above $1,260 is needed for any further upside. In an alternative scenario, a breakdown below $1,240 may open a path back towards the $1,225 support.”

Tensions With North Korea Escalate

Meanwhile, tensions between North Korea and the U.S. continue to escalate and could become the next major geopolitical flashpoint.

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.

Take a moment and browse our vast selection of valuable collectibles, then call Toll Free 1.888.655.9255 today. Let the helpful staff at Tangible Investments assist you in your next purchase or sale. You may also wish to click here to check out our eBay store. Tangible Investments is the leading buyer of rare, Gold and Silver coins, art, antiques, diamonds, sterling and flatware. We also loan against anything of value and offer more money at half the loan cost.