Gold rose to US$4,054 and silver to US$58.26 on a softer dollar and safe-haven buying. We trace the move through ETFs and miners in Mexico and Peru.
Key Facts
Gold-tracking ETF GLD settled at US$4,054, a rise of 0.27% as the dollar softened against major peers.
The iShares Silver Trust closed at US$58.26, up 0.81% with industrial demand and a weaker greenback providing a dual lift.
The US Dollar Index eased to just under 100, making dollar-priced metals cheaper for holders of Mexican pesos and Peruvian soles.
A dip in the 10-year TIPS real yield to about 2.1% shrunk the opportunity cost of holding non-yielding bullion.
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