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Commodities Briefing - Categorized | Bullion/Gold, Performance more

Silver shinier than gold

Posted on 19 July 2016

Following Britain’s decision to leave the European Union (EU), investors are turning to “safety” assets. What is notable is that the price of silver is rising steeper than gold. Silver traded at $40.40 an ounce on the New York Mercantile Exchange on July 6, surpassing $20 for the first time since August 2014.
Cho Byung-hyun, a market analyst at Yuanta Securities, noted that the market’s interest in precious metals such as gold and silver has been strong since early this year _ gold has risen 27 percent this year while silver has risen 45 percent………………………………………..Full Article: Source


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