Gold and Silver, How they Move ?

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Gold futures fell almost 1% and down its lowest level since January, while silver slumped 3% to a
4-year low as the dollar surged on bets that U.S.interest rates could rise sooner than expected.
Silver’s fall was its biggest one-day drop since Dec. 12, 2013.

The gold holdings of SPDR gold trust declined to 784.22 tons as on Sept. 16, while that of ishares
Silver trust increased to 10,589.15, as on Sept 17.The U.S. dollar continued its positive rally against a basket of currencies, closed on a strong note for the 10th straight week.

Optimism over the growth of U.S. economy has reduced gold’s safe-haven appeal, although the
economic activity rose less than expected in August, but was still consistent with a moderate expansion, the Conference Board said on Friday. On international silver charts, the 50-day moving
average fell below its 200-day moving average, suggesting that the trend has turned bearish.

Gold futures fell almost 1% and down its lowest level since January, while silver slumped 3% to a
4-year low as the dollar surged on bets that U.S. interest rates could rise sooner than expected.
Silver’s fall was its biggest one-day drop since Dec. 12, 2013.

The gold holdings of SPDR gold trust declined to 784.22 tons as on Sept. 16, while that of ishares
Silver trust increased to 10,589.15, as on Sept 17. The U.S. dollar continued its positive rally against a basket of currencies, closed on a strong note for the 10th straight week.

Optimism over the growth of U.S. economy has reduced gold’s safe-haven appeal, although the
economic activity rose less than expected in August, but was still consistent with a moderate
expansion, the Conference Board said on Friday. On international silver charts, the 50-day moving
average fell below its 200-day moving average, suggesting that the trend has turned bearish.

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