The precious metals have rallied, fuelled by upcoming European elections. Saxo Bank’s head of commodity strategy Ole Hansen examines where gold and silver go from here.

An impressive start to 2017 was made by gold and silver, and political risks ahead of elections in the Netherlands on March 15 and in France on April 23 have triggered investment.

Uncertainty also remains over the US economic plan following comments by US treasury secretary Steven Mnuchin that left the dollar and bond yields affected.