Global Scenario Gathers Support for Precious Metals Prices
The delay in the rate rise and the economic downturn are beneficial for precious metals. Gold and silver have risen 2.1% and 2.5% in the trailing five-days.
A Prevailing Risk-Off Sentiment Pushed Gold and Silver Higher
Gold had been on a continuous winning streak, and it saw four straight sessions of gains from $1,073.60 on January 14 to $1,106.20 per ounce on January 20.
Did November’s Manufacturing Data Impact Gold Prices?
On November 30, 2015, gold rose 0.86% and closed at $1,065.30 per ounce. Silver rose 0.27% and settled at $14.10 per ounce.