| Precious metals have seen a tremendous rise in price, mostly due to a lower possibility of a US interest rate hike. Added uncertainty in the Markets due to the Brexit vote and other start-of-the-year issues such as the crude oil rout and the Chinese turbulence also played on gold. As a result, these triggered the haven appeal.
Gold and silver have risen about 26% and 43%, respectively, this year. Expectations that the Federal Reserve will hold off further interest rate hikes gave these metals some breathing room. The higher rate of interest offered on Treasuries raised the opportunity cost of holding non-yield-bearing precious metals...............................................Full Article: Source
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