A much different start to the trading week compared to last week’s massive sell-off

A much different start to the trading week compared to last week’s massive sell-off that pushed gold to two-year lows when all was said and done. The yellow metal is up nearly $30 from the previous session close, finding some support after the recent G20 meeting failed to yield any strong objections to Japan’s plan to reflate it’s currency. Asian equities markets were a mixed bag and while European markets found support on the back of Italy finally electing a president, U.S. markets still have to wade through more corporate earnings that have been less than inspiring as of late. Appetite for riskier assets looks to be gaining steam but if the recent IMF spring meeting is any indication of what’s to come it may prove to be a supportive atmosphere for the safe-haven plays in the weeks to come. It seems the general consensus among news sources that covered the meetings is that European policy makers don’t seem keen on doing everything they possibly can to combat slow growth in the region. U.S. existing home sales in march were just reported to be 4.92 million, representing a decline of .6%. That won’t help the cause of today’s equity market participants. The rest of the metals complex is precious complex is starting the week off on a good note. Silver is up more than 1% while platinum and palladium are up omore than .8%. have a great day!