Gold Silver Reports — European markets are trading higher as weaker Chinese inflationdata fueled investor hopes that Beijing will keep monetary policy loose. Asian markets are trading mixed and the US stock futures are trading in the green.
Safe Haven Demand
Gold Near Eight Month High on Safe Haven Demand
Gold Silver Reports ~ Gold was holding near 8~month high on Wednesday as risk aversion sent investors to the safe-haven asset amid a tumble in global stock markets and concerns over the global economy.
High US Rates Greater Safe Haven Demand for Gold
Gold Silver Reports ~ Charles Gibson, an analyst with London-based Edison Investment Research, is nervous. Gibson says the U.S. Federal Reserve’s statement that it would push the benchmark interest rate to 1.375% by the end of 2016 could send