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Why gold and silver remain strong - Hansen
Ole Hansen, Saxo Bank’s head of commodity strategy, says precious metals have been the best performing sector among commodities this week with the markets supporting gold and silver.
A weaker dollar against the yen, weaker growth numbers in the US further reducing the risk of higher rates and the stock market starting to react negatively to a strong yen are all leading to the continued buying of previous metals, he says.
Silver is on a strong path, says Hansen, but he adds that some resistance could be encountered around 70.00.
01:25 minutes
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