Gold & Silver 4/15/16

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Gold & Silver : 4/15/16

Release Date: Friday, April 15, 2016

 

Gold and Silver Prices

Gold prices fell on a stronger dollar but recovered some of its earlier losses to end the week relatively flat.

 

“Gold prices pulled back to $1,208.50 while they consolidated. They have since rebounded to $1,263 but have stalled again…  We remain bullish towards gold generally because we feel the financial markets are vulnerable and we see negative interest rates as a positive for gold. More to the point, we sense a significant shift in sentiment from institutional investors, who have been buying ETFs aggressively this year.

 

“For now physical demand in Asia seems weak but lower prices may lead to a recovery in demand in Asia. If so, ETF buyers may have to compete with Asian buyers for physical gold.”

 

Gold ended the week down $4.30, closing at $1,235.10. Silver prices closed at $16.33, up $0.87.