View full page at metalsmine.com

 

Gold and silver unable to hold on to their gains

From sharpspixley.com

Despite a fall in the U.S. dollar index, which is usually positive for the gold price, neither it nor silver were able to hold on to the previous week’s strong gains. Gold slipped back having reached over $1, 780 on the 16th, although it ended the week in late trade at just over $1,750, and silver back under $21, after having managed a high of around $22.20 on the 15th. Prices won’t have been helped by a distinctly bearish analysis from top London-based precious metals consultancy, Metals Focus, suggesting that gold and silver prices would continue to fall next year. The consultancy’s analysts see gold prices dipping ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis