Gold and silver price rally as government signals it will keep price controls
Gold and the silver market has rallied from their low lows in early January, and the U.S. government has signaled that it will maintain price controls on the precious metals for the rest of this year.
Gold and other precious metals have gained nearly 2 percent in the past 24 hours to close at $1,867.60 an ounce.
The dollar was trading at 102.50 cents US.
A new market-moving poll released Monday by the Pew Research Center found that Americans have a more positive view of the economy than they did last year.
The survey, conducted Jan. 22-25 among 2,738 adults, showed 51 percent of Americans viewed the economy as a lot better in 2017, while 42 percent had a more pessimistic view.
Americans are more optimistic about the economy’s future, the poll found.
The poll also found that 51 percent view the U-S.
economy as improving, with 34 percent saying it has worsened.
Americans are more hopeful about the prospects for the U.-S.
and the world, the survey found.
About 50 percent of those polled said the world is getting a lot worse, with 39 percent saying they were getting a little better.
The U.K. and Canada also saw the biggest drops in the poll.
Canadians’ confidence in the world has dropped by nearly 4 percentage points to 41 percent, the highest percentage in the U, Pew said.
The U.KS. has dropped 2 percentage points since last year to 39 percent.
Americans were more positive about their country’s prospects, Pew found.
They are more likely to see the U as a good place to live and work, and more likely than Canadians to say the world will be a lot less bad by the year 2026.