Page 5 - Chris Wyllie News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We re not calling time on gold, we just think that while those (interest rate) dynamics are fighting their way through, we see better ways to play precious metals, Wyllie told CNBC on Thursday. And we prefer silver at the moment, which has got industrial applications as well. So with a very buoyant global economy, that s another string to its bow. The price of gold has fallen dramatically since it hit a high of $2,043 an ounce last August. Since then, it has experienced volatility, with the price rising amid pessimism over new waves of Covid cases and falling on optimism over vaccines and the reopening of the global economy. Gold is considered a safe-haven investment, meaning it tends to lose its appeal in times of economic strength.

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