Gold $ 1872.20 -2.20

Silver $ 23.46 0.21

Palladium $ 2215.10 24.10

Platinium $ 860.30 -2.90

The New Normal

Gold Bullion Continues to Climb

After a rather tumultuous past few months, every asset class appears to be normalizing, including gold bullion. Gold posted steady gains in May with a 2.6% increase. Since the March lows, gold is settling into a stable, rising channel posting higher highs and higher lows. Steady, robust buying in gold ETFs (exchange traded funds) and macro drivers confirm the gold accumulation pattern. The $1,800 price level remains the near term significant overhead resistance level. We would expect some modest consolidation at that level, barring any unexpected development.

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