Reported 3 days ago
Gold and silver prices have experienced a rally this week, driven by escalating trade tensions between the US and China, despite a significant drop in silver prices. Gold has risen over 60% this year, bolstered by central bank purchases and investor interest in bullion-backed ETFs. Economic indicators show a slowdown in credit growth in China and heightened inflation in the US due to tariffs. The IMF has adjusted its global growth forecast, reflecting temporary gains from pre-tariff buying activity, but warns of dim prospects ahead for the global economy.
Source: YAHOO