Gold, Silver Recover From Rout as Traders Search for Catalysts
Gold dipped below $5,000 an ounce, but recovered after last week's historic price plunge, as traders hunt for fresh catalysts. Silver also recovered as both precious metals have been in...
By Bloomberg Markets · Bloomberg Markets
Gold dipped below $5,000 an ounce, but recovered after last week's historic price plunge, as traders hunt for fresh catalysts. Silver also recovered as both precious metals have been in a listless pattern amid geopolitical risk and speculative momentum. Gold volatility has reached a 17-year high and silver volatility is at its highest since 1980. Axel Merk, President and Chief Investment Officer of Merk Investments, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)