May 3rd, 2016
Silver soars as dollar slumps
Silver’s value has soared to a one-year high, as the US dollar has continued to slump.
America’s economy appeared to be on the right track at the end of 2015, with the Federal Reserve deciding to raise interest rates for the first time in almost a decade. Now, though, the Federal Reserve has repeatedly put off any further rate rises, causing sentiment to decline, pushing up demand for precious metals as a safe haven asset.
“The gold market saw renewed buying interest Thursday with…