By now, the precious metals rally is known to all. The most popular precious metal, gold, initiated this momentum spurred by safe haven demand and dovish central banks across developed economies. Plus, a favorable demand-supply scenario favored metal investing to a large extent. A subdued greenback also helped all precious metals as these are linked to the U.S. dollar.
The Chinese market rout and a 13-year low oil price at the start of the year instigated a flight to safety while Brexit at the end of Q2 and a still-shaky global market backdrop have still kept risk-off trade sentiments alive. In fact, the lure for low volatility products is steady after the U.S. indices hit all-time highs several times to start Q3..............................................Full Article: Source
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