Silver Seen Climbing Faster Than Gold as Yellen Wakens Bulls
- Metal is ‘substantially undervalued’ versus peer: Gregersen
- Supply may shrink on mine closures while demand stays strong
UBS' Gordon Sees Better Gold Prices After Fed Hike
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Investors may be better off with silver rather than gold. The Federal Reserve’s pledge to stick to its dovish outlook on U.S. monetary policy has fueled a rally in precious metals and silver usually beats its more valuable peer in a rising market.
After the Fed raised interest rates by a quarter percentage point Wednesday, Chair Janet Yellen said the central bank was willing to tolerate inflation temporarily overshooting its 2 percent goal and intended to keep its policy accommodative for “some time.” UBS Group AG said the gradual pace of tightening means negative rates will deepen, the dollar weaken and gold rise.