Silver rises on Fed’s go-slow approach
02/08/2016 09:00
Silver futures closed higher in the international market on Monday as weaker-than-expected economic data were read by some investors as being tepid enough to give the Federal Reserve pause in raising benchmark interest rates in September. Gold and silver have enjoyed a healthy boost over the past several trading sessions due to the Fed’s go-slow approach to hiking interest rates, which has supported precious metals, which don’t bear a yield. The prospect of lower rates tends to weaken the dollar and that factor can be a boon for commodities priced in dollars, making them cheaper to buyers using other currencies.
02/08/2016 09:00
