GOLD and SILVER continued to rally from 7-month lows on Friday, trading higher for the first week in 5 and 8 respectively as betting that the US Federal Reserve will soon start raising interest rates eased further following yesterday’s weak US jobs data. “Markets have embraced the view that [new Fed chair Kevin] Warsh equals a hawkish shift in the Fed’s reaction function,” says economist and FX strategist Robin Brooks at Washington think-tank the Brookings Institute.
Source: Original Article
