Meanwhile, a pullback for silver is seen as in the cards after the recent run-up, reports Geoff Candy for Mineweb. RBC Capital Markets feels that despite the pullback they’re predicting, they’re still feeling positive about the metal because of a weakening U.S. dollar, which could continue to boost the price of precious metals. They also feel that growth in the industrial sector and investment demand will offset the drop in demand for silver in photography.
- SPDR Gold Shares (NYSEArca: GLD): up 14.2% year-to-date
- iShares COMEX Gold Trust (NYSEArca: IAU): up 14.2% year-to-date
- PowerShares DB Gold (NYSEArca: DGL): up 12.8% year-to-date
- ETFS Gold Trust (NYSEArca: SGOL): launched earlier this month
For more information on gold, visit our gold category.
Max Chen contributed to this article.