Silver – Safe haven demand has left the precious metals market and headed over to the US dollar and Treasurys as Eurozone economic woes are expected to further strengthen the greenback. But, the US is itself still embroiled in a financial crisis. How much longer can the greenback remain king?
Articles Tagged "greenback"
Gold – Bloomberg reports that Gold futures were little changed, erasing earlier gains, as the U.S. dollar rebounded from lows, making the metal less attractive as an alternative investment.
Gold – Bloomberg reports that Gold fell the most in a week on speculation that the dollar will extend a rally.
Gold – Bloomberg reports that Gold may climb in New York on speculation a deal to rescue Ireland’s banks will curb a spread of the debt crisis.
Gold – Businessweek reports that Gold may decline in New York after China raised bank reserve ratios again, curbing demand for bullion.
Gold – Bloomberg reports that Gold futures headed for the biggest gain in two weeks.
Gold – The Wall Street Journal reports that Euro worries failed to reignite gold's rally on Monday.
Silver – The silver market has been on a wild ride this week; first the metal was tugged as part of the reaction to China’s surprise rate hike.
Copper – Speculation that the US Federal Reserve will loosen its monetary policy helped copper rally to a new high on Monday. Shanghai copper touched a 27-month peak, with copper for January delivery reaching its highest intraday level since July 2008.
Silver – Alongside gold’s recent record highs, the demand for precious metals as an asset class has helped propel the price of silver to 30-year highs. Many analysts are concerned the price is trading off momentum and not off fundamentals. However, a major firm has raised their price target even higher.