Gold, silver hit new highs

Gold and silver hit all-time highs today helped by investment money which is finding its way into hard commodities in the wake of emerging economies not willing to let their currencies appreciate --something that makes the goods cheaper in terms of US dollar.

Gold and silver hit all-time highs on Thursday, helped by investment money which is finding its way into hard commodities in the wake of emerging economies not willing to let their currencies appreciate --something that makes the goods cheaper in terms of US dollar.

HT Image

“When there is global money lying, it is going to hard commodities like gold,” said Ritesh Jain, head of fixed income at Canara Robeco Mutual Fund.