This was due to the worldwide decline in precious yellow metal savings. (policybazaar.com)
«With equity markets tumbling, escalating tensions between a Saudi - led Sunni bloc against Iran, ongoing hostilities in Syria, North Korea testing what it claims to be a hydrogen bomb, the once precious yellow metal is looking perky,» BBH strategists led by Marc Chandler said in a note on Thursday. (cnbc.com)
The U.S. Fed have just stopped their quantitative easing, this action is predicted to raise interest rates for the U.S. by next year — two major factors that push the precious yellow metal's prices down now. (binarysoftware.org)