Silver prices rally as gold consolidates

London (Sept 1)  Silver delivered double the gains recorded by the yellow metal in August. The global spot price of gold maintained a flat trend over the past week, trading between a range of $1,520 and $1,550. The yellow metal opened higher last week on the back of the US cancelling the postponement of tariff imposition on imports from China (retaliating to China’s tariff imposition on goods and services worth $75 billion from the US). However, the rally could not sustain itself...and the gold price closed materially lower on Friday.

BusinessLine