Thursday, 14 January 2016

Daily Commodity News on Precious Metals

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Gold turned higher on Wednesday as the dollar fell, U.S. stocks dropped and a Federal Reserve president raised concerns about inflation expectations.

Also late in the session, Chicago Federal Reserve Bank President Charles Evans said he was nervous about the potential effects of China's slowdown on the U.S. economy and about the possibility that inflation expectations may be slipping.

Silver gained 2.6 percent to $14.15 an ounce. Chicago Federal Reserve Bank President Charles Evans said Wednesday he is nervous about the potential effects of China's slowdown on the

U.S. economy and about the possibility that inflation expectations may be slipping. China's slower growth could have knock-on effects to more than just its major trading partners, Chicago Federal Reserve Bank President told reporters after a speech here.

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