Market Report: Dollar down, gold up
Snippet:
The dollar’s weakness coincides with a growing realisation that the Fed is trapped when it comes to raising interest rates. Following a two-day FOMC meeting, there was no change in the Fed Funds Rate, with the usual jaw-jaw about conditions not deteriorating, so we can expect a rise in rates perhaps mid-year.
Author(s):
Alasdair Macleod
Silver continued its spectacular run, and gold had a good week as well.
Underlying this performance was a weaker dollar. So far this year, measured in dollars, silver is up 28% and gold up 20%. On the week, gold rose from a low of $1228 to $1275 by early this morning (London time), and silver from $16.82 to $17.75.
Friday, April 29th
First published here: Market Report: Dollar down, gold up
