silver, Gold and Precious metals
Digest more
The swift reversal has shifted market attention toward vehicles tracking the metals directly, as well as companies exposed to their production. Spot gold and silver ETFs have moved decisively lower, while mining-focused funds are also posting substantial losses as trading begins.
Gold (GC=F) futures fell as much as 11% on Friday to trade below $4,900 per troy ounce in a severe reversal of this year's massive rally in precious metals. Spot gold saw its biggest daily drop since the early 80's while silver (SI=F) futures tumbled more than 25%.
Once again, the UK is in the grip of a global feeding frenzy in precious metals. It is easy to see why.
Precious metals can diversify retirement portfolios, but they come with fees, risks and IRS rules. Here’s how to decide if they belong in your IRA.
The Precious Metals R&S Index grew by 3.98% in December and the best performance was recorded by Silver Crown Royalties. Read more on the report here.
JOHANNESBURG, Jan 27 (Reuters) - The South African rand was firm on Tuesday, supported by stronger precious metals prices ahead of local central bank data that the market expects will give insight into the country's economic outlook.
Precious metals soar on safe-haven demand, with gold and silver hitting record highs in domestic and global markets.
Relief that President Donald Trump said he’d tap Kevin Warsh to head the Federal Reserve, rather than someone seen as more willing to ignore inflation and slash interest rates, sent the dollar and short-dated Treasuries rallying.