Gold and Silver Rally as Rate Expectations Shift, Currency Concerns and Central Banks Keep Buying - Drive Demand - SD Bullion
Gold and Silver Rally as Rate Expectations Shift, Currency Concerns and Central Banks Keep Buying - Drive Demand - SD Bullion
Source: SD Bullion
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DW NOTE
SD Bullion says gold and silver are rallying on "rate expectations" and "currency concerns" — but gold is still 18% below its January high of $5,318 and silver is down 45% from its peak. Central banks bought 290 tonnes in Q1, the heaviest quarter in a year, but that accumulation hasn't stopped the drawdown. If this is a rally, it's a rally inside a rout.