silver

Gold and silver continue to retreat from record highs

Posted on June 17, 2015 at 1:18 pm GMT

Gold prices not likely to recover to 2011 levels anytime soon Gold price has depreciated significantly from its all-time high of $1,920.80 per ounce it reached in September 2011 to around $1,180 per ounce currently. The main catalyst for the fall has been the US Fed’s tapering of its quantitative easing program, which is what drove prices to their record high in the first place. Gold price tends to rally when central banks expand their monetary base. But recently announced [..]

Commodities – Silver tumbles to 2-1/2 year low

Posted on May 20, 2013 at 8:38 am GMT

Silver prices fell to the lowest level since September 2010 on Monday morning, reaching as low as $20.30 an ounce before steadying at around $21.40, down 4 percent. On the year, the precious metal has fallen 30 percent. Silver held in exchange-traded products dropped to a four-month low on May 17. Weighing on silver are investor concerns that economic growth may be slowing in China, which happens to be the biggest industrial fabricator after the US and thus a huge [..]

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