PRESS ROOM
Gold and silver rebound sharply
Tuesday 18th August '20
Following a pullback last week, both gold and silver have bounced back strongly so far this week. Gold has surpassed $2000/oz yet again while silver’s spot price now stands just above $28/oz. The steady improvement in both economic growth sentiment and market risk sentiment has been ongoing since March. Investors have continued to add gold and silver to their portfolios due to the balance they offer. As sentiment improves, gold offers a hedge against rising inflation while silver benefits from increased industrial demand. If sentiment deteriorates, gold and silver provide downside protection as safe-haven assets.