| Demand from car producers means sector fundamentals are supportive. Implied benchmark borrowing costs dribble ever lower. The 10-year gilt yield fell through 0.55 per cent amid the Bank of England’s fresh largesse.
Meanwhile, the dollar’s latest rally seems to have stalled. This is a good environment for gold. By mid-session on Wednesday, the yellow metal was back above $1,350 an ounce and eyeing the two-year high of $1,375 hit last month. Its rally has energised the whole precious metals sector. Silver is back above $20 an ounce and the platinum group metals are joining in the fun...............................................Full Article: Source
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