GOLD PRICES extended last week’s 2.4% gains to reach new 3-month highs on Monday in London, briefly breaking above $1230 per ounce even as the US Dollar rose on the FX market amid news of French presidential candidate Marine Le Pen calling for ‘Frexit’ from the European Union, writes Steffen Grosshauser at BullionVault.

Silver rose alongside, but lagged the new highs in gold prices to hit $17.66 per ounce – some 6 cents short of Friday’s new 12-week peak.

Proposing a 10% cut to France’s income tax rate for lower-earners, plus retention of the 35-hour working work, Le Front National’s …read more

Source of this post from Alexis Bush Blog http://silverandgoldcoinblog.com/2017/02/06/gold-price-hits-1230-silver-comex-bets-jump-as-frances-le-pen-ukraine-add-to-trump-risk-on-iran/