- Gold prices are well supported while silver's time to shine is probably later in the cycle said Florian Grummes, Managing Director of Midas Touch Consulting.Earlier this month gold prices jumped 1% following weaker-than-expected inflation numbers. The U.S. Labor Department said its much-anticipated Consumer Price Index rose 0.4% last month after a 0.4% rise in September. Economists were looking for an increase of 0.6%.
"Silver always comes later in a precious metals bull market, so the really nice time for silver usually comes in the last quarter of a bull market, so I assume it will take a little bit more time until you see a rally," said Grummes. By Michael McCrae For Kitco News
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: