Gold, Silver Race Higher on Fear of Second Virus Wave

(Bloomberg) — Gold and silver are finishing the week on a high note, lifted by concerns over economic growth, a second wave of virus infections and simmering tensions between the U.S. and China.Gold headed back toward its peak in April, when prices hit the highest since 2012. Silver jumped to a two-month high. Prices are having a long-awaited breakout moment as market anxiety mounts, according to Rhona O’Connell, head of market analysis for EMEA and Asia at INTL FCStone.“There are fears over everything from political leadership through the health outlook overall and associated economic financial and political risk,” she said.Spot …read more

Source:: Yahoo Finance

Discover Tomorrow’s Winning Stocks!
Get our latest stock reports before everyone else! Actionable news, and breakout stocks w multi-bagger upside potential — delivered directly to your inbox.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.