Gold saw a hefty increase, palladium similarly decreased, and silver and platinum had modest increases on 5/17.
Gold Rising Amid Trump Concerns
Gold has been climbing recently, the metal’s longest run in a month, following the news surrounding the Trump administration. Trump is facing some serious allegations, including obstruction of justice. The resulting concern caused the dollar and European stocks to drop. Gold began to rise after Trump fired FBI director James Comey and reports of Trump sharing classified intelligence with Russia. That has been taken a step further with reports of Trump telling Comey to halt a federal investigation regarding Michael Flynn, the former national security advisor. Before this news broke, gold had been falling since mid-April.