Economics
Silver Posts Longest Rally Since August on Rising Haven Demand
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Silver futures posted the longest rally since August, extending a 2014 rebound after last year’s bear market sent the metal to the biggest loss since 1981.
Prices have gained 2.9 percent this year as turmoil in emerging markets, slowing economic growth and stimulus cuts by the Federal Reserve reignited demand for haven assets. European Central Bank President Mario Draghi reiterated today that the bank may take more accommodative action if money-market turbulence resumes. Borrowing costs stayed at a record low.