Gold and Silver Add Roughly $5 Trillion in Market Value This Month Precious metals have delivered strong gains in August. > Gold is up approximately 15.12% on the month, adding about $4.27 trillion to its total market capitalization.
> Silver is up approximately 23.73%, adding roughly $754 billion.
Together, the two metals have increased in value by around $5 trillion so far this month. The advance has been supported by several factors: > The US Treasury’s decision to increase long-term bond buybacks, which helped push longer-term yields lower
> A softer US dollar
> Ongoing interest in hard assets amid rising concerns over government debt levels
Gold remains the much larger market, so it accounts for most of the dollar gain. Silver has delivered the stronger percentage performance. Both metals have reached multi-month highs during the current move. A notable month of strength for gold and silver.
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> Silver is up approximately 23.73%, adding roughly $754 billion.
Together, the two metals have increased in value by around $5 trillion so far this month. The advance has been supported by several factors: > The US Treasury’s decision to increase long-term bond buybacks, which helped push longer-term yields lower
> A softer US dollar
> Ongoing interest in hard assets amid rising concerns over government debt levels
Gold remains the much larger market, so it accounts for most of the dollar gain. Silver has delivered the stronger percentage performance. Both metals have reached multi-month highs during the current move. A notable month of strength for gold and silver.
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $XAUt #Bullish