Increasing market volatility risks a potentially greater adverse impact on cyclical assets, with the S&P 500 equity benchmark up about 20% on the year.
LONDON (Bullion Street): Silver turned out to be the best performing precious metal last week rising 4.7%, leveraging its high correlation to gold. Gold and Silver are likely to remain on tenterhooks until the next US unemployment number but should continue performing a foundation as the need to raise the US debt ceiling or face government shut-down, becomes the primary market focus.
Geopolitical issues often boost gold for short duration periods, while sovereign debt issues normallyhave a longer lasting impact, according to a weekly review by ETF Securities Ltd.
Gold and silver surge as the Fed reminds the market US economic conditions remain subpar ...