The spot price of gold climbed $17.23, or 1.0%, to $1,672.28 per ounce – its highest level since April 13th – as the Federal Reserve reiterated its dovish stance on monetary policy. Today’s gold price strength coincided with gains in other precious metals and commodities and modest weakness in the U.S. dollar.
Not to be outdone, silver added to its recent stretch of gains alongside the price of gold. Silver jumped as much as $0.79, or 2.6%, to $30.68 per ounce – its best level since May 2nd. With today’s rally in precious metals, the prices of gold and silver extended their advances in August to 3.6% and 9.7%, respectively .... http://marketcut.com
Not to be outdone, silver added to its recent stretch of gains alongside the price of gold. Silver jumped as much as $0.79, or 2.6%, to $30.68 per ounce – its best level since May 2nd. With today’s rally in precious metals, the prices of gold and silver extended their advances in August to 3.6% and 9.7%, respectively .... http://marketcut.com
