The price of gold and silver, after a choppy couple of weeks, is rising on the back of a weak dollar. Payroll data in the US last Friday was lower than the markets expected.
It would appear that there is only circa a 25% expectation by markets of a rate rise at the next Federal Reserves’ policy meeting on 20-21st September.
If monetary policy remains easy, then this is good for precious metals, which are priced in Dollars
If monetary policy remains easy, then this is good for precious metals, which are priced in Dollars
Gary Neild
Chair of Blue Sky Investment committee
Chair of Blue Sky Investment committee
