$GLD and $SLV Prices as of March 25 2019 @moneymetals
9:41 AM
March 25, 2019 -- Gold and silver prices moved slightly higher last week and again this morning, boosted by an announcement from the Federal Open Market Committee.
Officials at the central bank have abandoned plans for further interest rate hikes this year and will soon end their program for selling Treasuries held on the Fed’s balance sheet.
The U.S. dollar actually ended last week higher despite the news. That helped put a lid on precious metals, but gold and silver are in an increasingly strong position.
The DOW lost more than 400 points Friday. Investors were spooked by the Fed’s concerns over growth and a bearish inversion in bond yields which signals a recession.
The equity markets enter this week on poor footing, and any increase in safe-haven demand should help gold and silver.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
Officials at the central bank have abandoned plans for further interest rate hikes this year and will soon end their program for selling Treasuries held on the Fed’s balance sheet.
The U.S. dollar actually ended last week higher despite the news. That helped put a lid on precious metals, but gold and silver are in an increasingly strong position.
The DOW lost more than 400 points Friday. Investors were spooked by the Fed’s concerns over growth and a bearish inversion in bond yields which signals a recession.
The equity markets enter this week on poor footing, and any increase in safe-haven demand should help gold and silver.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
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