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Gold and silver pull back: -7% for the safe haven, white metal down 10%
After the record-breaking rally in precious metals, an excellent entry opportunity is opening up for investors. Markets are regaining ground thanks to the appointment of Kevin Worsh as Governor of the U.S. Central Bank (Fed), which eases fears of an overly accommodative successor on interest rate policy.
The race doesn’t stop, gold reaches $5,600
The price of gold is soaring uncontrollably.
Following yesterday’s Fed decisions and new tensions with Iran, the price is heading towards $5,600 per ounce.
In addition to gold, silver is also surging, breaking through $120 before slightly slowing down to $118 per ounce, up over 4%.
[Source Ansa]
Gold one step away from $5,000
A new all-time high for the ultimate safe-haven asset, which this morning changed hands at $4,969: up 1% compared to yesterday, while the weekly gain exceeds 8%.
[Source: Finanza online]
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