Los Angeles CA, June 27 (Tangible Investments) — by James O’Dell — Precious metals prices edged moderately higher in early trading on Tuesday with Syrian tensions underpinning Gold. Gold is up 0.46 percent to $1,250.20 an ounce after easing $12.10 on Monday to close at $1,244.50 an ounce.

Silver is up 0.36 percent to $16.64 an ounce after slipping $0.10 on Monday to close at $16.58 an ounce. The Gold/Silver ratio, the number of Silver ounces needed to buy an ounce of Gold, fell to 75.06. Platinum is up 0.33 percent to $918.00 an ounce. Palladium is down 0.69 percent to $860.00 an ounce.

Gold rebounded in early trading on Tuesday from six-week lows reached after Monday’s flash crash, as the dollar weakens. The precious metal was “rocked by a 56 metric-ton (1.8 million-ounce) Gold sale, but it remains a mystery who and why,” said Ross Norman, of Sharps Pixley Ltd.

The sell order dropped Gold to the $1,237 an ounce level but failed to break below the 200-day moving average. “If yesterday Gold wasn’t able to push below the 200-day moving average that’s a positive sign,” said ABN Amro analyst Georgette Boele.

Today, growing tensions in the Middle East are supporting Gold, which has recovered much of the ground lost on Monday.

“Growing tensions in the Middle East may be playing a part, with the U.S. warning Syria today that it would pay a ‘heavy price’ should it contemplate another chemical attack, as is being suggested by current intelligence,” said INTL FCStone. “The warning drew a rebuke from the Russians, who said that the statement was inappropriate.”

IMF Cuts Forecast For U.S. Growth

Meanwhile, the International Monetary Fund (IMF) cut its forecast for U.S. growth this year to 2.1 percent, from 2.3 percent. The IMF also cut its projection for next year to 2.1 percent, from 2.5 percent. The IMF says the U.S. economy isn’t likely to reach Trump’s target of three percent annual growth.

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.