Gold Silver Reports ~ Gold rates inched higher on Friday, drawing support from weak U.S. GDP data that raised hopes the Federal Reserve may slow any planned interest rate hikes.
Gold Silver Reports ~ LME Copper prices traded higher by 0.2 percent as Copper premiums in China rose to $95-$100 last week, the highest since late October as Chinese stockpiling picked up ahead of next month’s Lunar New Year. besides,
Gold Silver Reports ~ Have we reached peak precious metals? Many analysts think so.
Just to be clear, however, the idea of peak gold and peak silver doesn’t refer to a peak prices. The precious metals put in a cyclical price high in 2011. But annual mining production levels may have peaked in 2014-2015. This is what is meant by “peak precious metals.”
Gold Silver Reports ~ Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion’s safe-haven draw, although the metal was restricted to narrow ranges.
Gold Silver Reports ~ Gold retreated from nine-week highs on Friday amid a stronger dollar, as China halted a week-long equity rout and a mixed U.S. jobs report provided further ambiguity on the timing of the Federal Reserve’s next interest rate hike.