Gold and Silver Rally as Rate Expectations Shift, Currency Concerns and Central Banks Keep Buying - Drive Demand

Gold and silver rally last week as shifting expectations for interest rates, currency instability, and renewed investment demand put gold and silver back in focus. Gold finished the week at $4,341 per oz, while silver climbed to $63.30 per oz, pushing the gold-silver ratio down to roughly 68:1. China’s central bank added nearly 20 metric tons of gold in July, extending a broader trend of central-bank accumulation. Meanwhile, India may need to import another 135 million ounces of silver by year-end to meet current demand forecasts. Listen to last week’s Bullion Market Update for the key forces driving gold and silver—and what could come next.