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Money Will gold and silver continue to climb after Syria strikes?

22:57  16 april  2018
22:57  16 april  2018 Source:   fool.com

Black turns golden for second night in a row

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Kinross Gold Corporation (USA) (NYSE:KGC) stock and the price of gold and silver generally could rise as U.S. strikes on Syria increase global tensions. Since the election of Donald Trump, the spot price of gold has climbed 11%.

Thousands of people from Douma, the site of the reported chemical attack that prompted the American strikes , looked for shelter after joining the millions of other Syrians who have been displaced from their homes. And on the front lines separating hostile parties throughout the country, fighting continued as

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On the night of April 13, President Donald Trump announced that the U.S. would conduct military strikes in Syria with its allies Britain and France. This was in response to an alleged chemical attack that the U.S. and it allies claim was committed by Syrian government forces. The Syrian government has denied the allegations. Russia, which has emerged as a close ally of the Bashar al-Assad government, warned of “consequences” that would emerge from escalating the conflict in Syria.

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So Assad will logically see he has a green light to continue to destroy the opposition,” he added, referring to the Islamic State. [Damascus defiant as Trump orders strikes after Syria chemical attack].

The warning came after the US, UK and France struck three Syrian sites in response to a suspected deadly chemical attack in the town of Douma a week ago. A UN Security Council vote brought by Syria 's ally, Russia, to condemn the US-led strikes was rejected.

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Justin Trudeau rules out Canadian participation in military strikes against Syria

  Justin Trudeau rules out Canadian participation in military strikes against Syria Justin Trudeau rules out Canadian participation in military strikes against SyriaSpeaking to Radio-Canada, the prime minister said Canadian military personnel are already involved in missions in northern Iraq and Latvia and will be deploying to Mali. “We are not looking to be present in Syria,” Trudeau said in an interview.

LONDON/NEW YORK (Reuters) - Gold and oil traded slightly lower as markets opened for the first time since Western powers launched a missile attack on Syria , but equities are unlikely to experience big losses unless the West strikes again or Russia retaliates.

Boris Johnson: Syria strikes 'right thing to do' to deter chemical weapons use – video. Russia and Syria both continued to denounce the air assault as an illegal act of aggression.

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The Trump administration has assumed an increasingly aggressive stance toward Russia and its Syrian and Iranian allies in recent months. There is a strong possibility that President Trump will pull out of the Iran nuclear deal in the coming months. The administration will reportedly pursue additional sanctions on Russia on April 16. The escalation in the Middle East comes after the declaration from Secretary of Defense James Mattis late last year that “great power competition” had become the primary focus of U.S. geopolitical strategy.

The spot price of gold reached above $1,350 on the evening of April 15. Gold prices spiked above $1,360 and also rose in response to the Syria strikes before tapering off in the early weekend. The spot price of silver also increased on the news.

Trudeau voices support for strikes on Syria

  Trudeau voices support for strikes on Syria LIMA, Peru - Canada stood behind its closest allies on Friday as the U.S., Britain and France launched airstrikes against Syria's government in retaliation for a suspected chemical-weapons attack that killed dozens of people. U.S. President Donald Trump announced the strikes in a national address, and promised Washington was prepared to "sustain" pressure on the Syrian government until it stopped killing its own people with banned weapons. Reporters U.S. President Donald Trump announced the strikes in a national address, and promised Washington was prepared to "sustain" pressure on the Syrian government until it stopped killing its own people with banned weapons.

Hundreds of people have been rescued from flood affected areas in the past week as incessant rains continue to lash Gujarat state. UK Ambassador to UN: Karl Marx would be ‘turning in his grave’ after Russia condoned use of chemical weapons on Syria .

Moscow is calling for an emergency meeting of the U.N. Security Council about the western strikes on Syria . How seriously were the capabilities of the regime damaged? Some destruction of the Syrian regime's infrastructure to continue to wage war against the opposition occurred, but the strikes do

Since the election of Donald Trump, the spot price of gold has climbed 11%. The yellow metal experienced severe turbulence in the weeks following Trump’s election, as Wall St. and global markets responded extremely positively to the news, with special enthusiasm reserved for the promise of tax reform and deregulation. The S&P/TSX has dropped 5.7% in 2018 as of close on April 13. Investors may want to take a second look at precious metals, as the geopolitical situation takes an incendiary turn.

Kinross Gold Corporation (TSX:K)(NYSE:KGC) stock rose 1.26% on April 13 and on a month-over-month basis. In its fourth-quarter results, Kinross saw revenue and production dip year over year. The company expects production of 2.5 million gold ounces in 2018 and projects to be at or above this threshold over the next three years.

Overall silver production dropped 4.1% in 2017 according to the World Silver Report, which was released on April 12. This marks the fifth year in a row that production has declined. Demand also fell 2% in 2017.

Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) climbed 3% on April 13 and has increased 4.5% in 2018 thus far. Silver prices have not fared as well as gold in 2018, in spite of the supply shortage. The drop in demand was mostly due to a decline in physical demand, with coin and bar investments falling 27% in 2017. With cryptocurrencies falling out of favour due to a massive drop in early 2018, it is possible that physical demand for precious metals will see an increase going forward, especially with rising geopolitical tensions.

Jennifer Abel captures diving gold for Canada at Commonwealth Games

  Jennifer Abel captures diving gold for Canada at Commonwealth Games Jennifer Abel captures diving gold for Canada at Commonwealth Games It's the first Commonwealth gold for Abel in the 3m individual event; the 26-year-old from Laval, Que., earned silver at the past two Games in the discipline.

In total Syria fired 40 interceptor missiles in response to the attack but 38 of them launched after the strike was The Empire Strikes GOLD ! Jacket worn by Han Solo in classic Star Wars sequel is set to make £1 MILLION Goodwood revellers climb over fences and pack on the PDAs during a VERY

What you need to know about the Syria strikes – video report. Syrian exiles opposed to the regime decried its modest ambition. They predicted that Assad would continue to murder his opponents exactly as before.

Wheaton Precious Metals Corp. (TSX:WPM)(NYSE:WPM) rose 1.13% on April 13 and has climbed 4.6% in 2018 so far. Wheaton Precious Metals exceeded its production guidance for gold and silver production in 2017 and reported record gold sales volumes. The company hiked its dividend 29% year over year and declared a quarterly dividend of $0.09 per share, representing a 1.6% dividend yield.

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