Precious metals including gold, silver, and platinum rebounded from multi-month lows on Friday, as traders focused on the pullback in the US dollar.
Gold rose above $1830 an ounce, while silver gained upside momentum as the gold/silver ratio pulled back towards the 85 level. Platinum also moved higher amid a broad rebound in precious metals markets.The strong Non-Farm Payrolls report did not put pressure on gold markets as currency traders decided to use the news as an opportunity to take some profits off the tableSilver gained upside momentum as the gold/silver ratio pulled back towards the 85 level.
The pullback in the US dollar is one of the main factors behind the rebound as it makes precious metals more attractive to investors holding other currencies.Rising inflation and interest rates are causing concerns among investors and many are looking to precious metals as a safe haven asset.Fazlur Rehman sees 'challenge' for country to uplift economy
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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