Gold prices declined for the second straight week in a row last week thanks to the dollar’s rally.
Silver prices have declined by more than 2% over the last week as the dollar maintains its rally.
The gold price struggled to stay at its October high, above the $1,300 level, last week.
The gold price fell 0.7% last week, continuing its correction that began in early September.
With its persistent weakness in the face of a stronger dollar, investors want to know if gold will rebound before 2018.
The big silver price news recently has been the dollar’s sharp rebound.
Its rally dragged silver more than 5% lower last month, making silver investors wonder if a rebound is coming.
The gold price has seen a significant decline recently, down to a one-month low today.
Silver prices have been plunging recently, falling below $17 last week for the first time in a month.
The price of silver has plunged 4.4% since reaching a five-month high on Sept. 8.
Gold prices just posted their first weekly decline in a month, falling 1.9% last week.
The silver price rallied to its highest level since April last week thanks to the falling dollar.
But the dollar’s rebound this week has investors wondering if it will continue and drag silver lower.