Silver Jumps to $24 as Gold Gains, Fed Rate Bets Sink on Weak US Data
Gold Price News By Adrian Ash - Thursday 16/11/2023
https://www.bullionvault.com/gold-new...
GOLD ROSE but silver leapt again on Thursday against a fast-falling Dollar, reaching 1- and 10-week highs respectively as US data continued to signal a slowdown in the world's No.1 economy.
"It continues to be a good week for the Fed," says one spread-betting pundit of the US central bank.
"More data like this will tamp down lingering concerns about an additional hike."
With the Senate passing a 'stopgap' funding bill overnight to avert a government shutdown due to start tomorrow, US stock markets slipped for only the 3rd session in 12 in November to date.
The Dollar gold price meantime rose to $1986 per Troy ounce, some 2.3% higher for the week so far, while silver prices jumped to $24 per Troy ounce – up more than $2 from Monday's 5-week low – to reach the highest since early September.
SUBSCRIBE: / @bullionvault
Follow us on X: / bullionvault
Follow us on Facebook: / bullionvaultenglish
Follow us on Instagram: / bullionvault_official
Get the latest gold news: https://www.bullionvault.com/gold-news
Find out more: https://www.bullionvault.com/help/FAQ...
Getting started: https://www.bullionvault.com/help/get...
BullionVault reviews: https://www.bullionvault.com/reviews.do
Investment guides: https://www.bullionvault.com/gold-gui...
Buy gold, silver, platinum & palladium
0.5% commission & tight spreads
https://www.bullionvault.com/#YT-XGHF
Buy #gold, #silver, #platinum and #palladium bullion online at the lowest possible price
#goldprice #silverprice #buygold #goldbullion #goldinvestment #silversqueeze #goldnewstoday #goldnewstodaychannel #goldcoins #silvercoins #goldjewellery #silverbullion #silverbullionprices #chinanews #bullion #platinumprice #goldindia #golden #goldbullioninvestment #bullioninvestment #goldprices #silverprices #goldanalysis #goldanalysistoday #goldsilver #goldsavings #buyinggold #indiagold #indiagoldprice #goldetf #silveretf #goldjewellery #usdollar #inflation #interestrates #bullionvault #goldrate #goldratetoday #goldpricetoday #interestrates #yields #bonds #goldratestoday #goldrateindia #golddollar #geopolitics #bullionvault #safehaven #goldchart #silverchart #goldchina #goldmining #goldbars #governmentdebt #goldsilverprice #goldsilverrate #usinflation #silvercoins
Please Note: All videos published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
