Silver price heads towards a one month high, gold follows suit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The price of an ounce of silver shot 0.4 percent higher today to $20.27 as a weaker US dollar together with weak economic data out of the US supported precious metals prices, with gold hitting $1300 an ounce for the first time since November last year. Silver prices climbed higher to another session win after economic news from the US came in below expectations, signalling ultra loose monetary policy could be around for longer than expected. The poor economic data comes on the heels of two disappointing jobs reports in December and January which have strengthened the hands of supporters of the Fed’s economic stimulus program. Safe Haven Investing In times of turmoil as emerging market worries replace fears over the euro zone which occupied investors minds in 2012 and 2013, silver and gold prices are rising again as safe haven buying comes back into fashion for some investors. Strong physical demand from Asia has also underpinned the strength of silver and gold this year with speculation that a purported 500 tonnes of gold bought by the Chinese central bank will be added to this year. <\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18103","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/18103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=18103"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/18103\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=18103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=18103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=18103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}