| Precious metals are once again enticing investors. After ignoring the assets for most of the year, investors added $393 million to U.S. exchange-traded funds backed by precious metals this month through Oct. 20, on course for the biggest monthly inflow since February. Gold and silver are gaining favor amid increasing expectations that the Federal Reserve could wait until next year to raise interest rates.
Higher rates curb the appeal of precious metals because they don’t offer interest or yields. Gold has rallied more than 8 percent from a five-year low in July and silver climbed after the Fed kept interest rates unchanged in its September meeting, citing global risks that threaten curb domestic growth and depress inflation...............................................Full Article: Source
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