Bearish Market Conditions Put Pressure on Silver, Gold Prices
The strength of the U.S. dollar growing on the foreign exchange market, low prices of crude oil and increasing government bond market yields are negatively affecting consumer demand for safe-haven metals such as silver and gold. Market watchers are paying attention to Asian shares following President Xi Jinping’s power grab at the most recent communist party meeting. During the meeting, the Chinese president had aids remove a former party leader seated next to him from the National Congress. This action led stocks in the Asian market to drop, with investors in Asia expecting that Xi will soon move the country’s…