26th March 2017

 Precious metals finished higher for the week, with gold on track for its second weekly gain to close at just under $1250. Gold benefitted somewhat by developments late in the day on Friday when it was announced that the Republican-sponsored health bill would be pulled because of a lack of votes. This seemed to weaken US stocks somewhat, as the thinking now is that the administration may not fare any better with equally complicated issues such as tax reform, the border adjustment tax and infrastructure spending. We could see more downside equity fallout in Monday’s session and if we do, gold could benefit, at least early on in the week.