NASDAQ:SLVO - Nasdaq - US22542D2255 - ETF - Currency: USD
Gold (XAUUSD:CUR) and silver (XAGUSD:CUR) bulls waiting for a dip might have their opportunity after just-released FOMC minutes (late-July meeting) say the central bankers were surprised by the strength in household spending in wake of the economic crash.That headline has helped send gold to a 3.25% decline and silver down 4.2%.
Silver futures (XAGUSD:CUR) closed +3% at $18.49/oz. to score their largest monthly gain in nine years - up nearly 24% - finding support as global economies continue to reopen from virus-related shutd
Gold futures (NYSEARCA:GLD) logged their largest one-day percentage gain since last June, after the Fed's rate cut lowered the dollar and U.S. Treasury yields, boosting the metal's safe-haven appeal.A
Gold and silver prices spike after the Federal Reserve delivered an emergency 50 basis point rate cut in a bid to protect the economy from the effects of the spreading coronavirus.April Comex gold +3%