Summary from Kitco News
(Kitco News) – Gold prices are declining under the dual headwinds of multi-decade high bond yields and triple-digit oil prices, while the world’s largest silver-producing country saw a weak start to the third quarter, according to precious metals analysts at Heraeus.In their latest update, the analysts noted that gold prices pulled back last week as macro headwinds drove the yellow metal through key technical support levels.“Gold fell through support at…
Why it matters
Silver is both a monetary and an industrial metal, so it responds to economic growth and to demand from solar and electronics as well as to moves in gold.
Read the full analysis at Kitco News →
Headline and summary via Kitco News. The Sovereign Index curates and links to the original publisher; all rights remain with the source.