Gold, Silver, Platinum Rebound after yesterday’s modest loss
Gold, Silver, Platinum all started the day off regaining most of the loss it incurred yesterday. What constitutes the increase? Mainly Fresnillo, the largest silver miner in Mexico stated that production is up and thus increased the value of all commodities. However, I fail to see how that would increase the value of all the commodities since that there is no more silver flooding the market, prices should technically fall (due to simple supply and demand rules).
Gold is usually a good marker at how much your currency is worth, if the price of any commodity goes up, the value of your dollar is usually considered weaker. What does that say about our dollar?
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