ixic Posted April 16, 2016 Report Share Posted April 16, 2016 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. 2 Quote Link to comment Share on other sites More sharing options...
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