Los Angeles CA, April 12 (Tangible Investments) – by James O’Dell – Gold and Silver prices were mixed in early trading on Wednesday, with Gold up 0.09 percent to $1,275.20 an ounce as investors buy Gold amid geopolitical tensions. The precious metal gained $19.60 or 1.56 percent on Tuesday to close at $1,274.00 an ounce.

Silver is down 0.16 percent to $18.30 an ounce after surging $0.40 or 2.23 percent on Tuesday to close at $18.33 an ounce. The Gold/Silver ratio fell to 69.50. Platinum is down 0.41 percent to $964.00 an ounce. Palladium is down 1.24 percent to $794.00.

Investors By  Gold After Strike On Syria

Gold hit 5-month highs in early trading on Wednesday as investors rush to buy safe-haven assets like Gold coins and bars. Geopolitical tensions were heightened last week after President Trump ordered a missile strike on Syrian territory. The strike was in response to the Assad government’s poison gas attack earlier in the week on its own citizens.

Tensions were heightened even more after President Trump ordered a U.S. Navy strike group to the western Pacific. “We are sending an armada. Very powerful,” President Trump told Fox Business Network. “We have submarines. Very powerful. Far more powerful than the aircraft carrier. That I can tell you.”

North Korea Bigger Deal  Than First Thought

President Trump’s actions came after North Korea tested another ballistic missile on Wednesday following two tests in March. North Korea was recently strongly condemned by the United Nations for holding nuclear tests in September. North Korean state media, on Tuesday, issued a warning of a nuclear attack against the United States if provoked.

“The general argument is that there has been an increase in risk aversion. Not only Gold, but also yen has been rallying. “The market has become more concerned with the geopolitical tension in North Korea and Syria, now recognizing that it is a bigger deal than previously thought,” said National Australia Bank currency strategist Rodrigo Catril.

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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