Why precious metals are gaining - Saxo Bank
tradingfloor.com
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JUN 9, 2016
Ole Hansen, head of commodity strategy at Saxo Bank, outlines his reasons for why silver and gold are rallying.
He says the prices are being driven up by a combination of the European Central Bank buying corporate bonds, a record low for Germany’s 10-year yield and fears over a Brexit vote which means the UK would quit the EU.
Hansen also adds a cautious word over EURUSD that may weaken these precious metals in the near term.
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