$iShares Gold Trust(IAU.US) barely moved, $iShares Silver Tr(SLV.US) rose slightly. Precious metals have been pulled between the approaching interest rate cut expectations and safe-haven sentiment over the past two days, with neither direction gaining absolute dominance.
Whether the gold-silver ratio has widened or narrowed recently might indicate more about whether capital is betting on inflation or safe-haven than the gold price itself. Which of these two will break out of the consolidation range first? I guess it's silver, as the industrial demand narrative has had more marginal momentum recently than gold's pure safe-haven story.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
