Relevant:
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- One once ounce of gold : one year's wage, One ounce of silver : one month's wage
- Gold (+Yen) Soars to Two-Year High as Fed and Brexit Boost Haven Demand
- Gold tallies a back-to-back gain after ECB unleashes basket of easy-money measures; Fed under pressure
2016-07-01 — reuters.com
...
Gold's strength benefited silver, which breached the $19 an ounce level on Friday for the first time since September 2014. It rose as much as 3.8 percent to $19.40 in earlier trade and was trading up 2.6 percent at $19.17. Silver has gained more than 8 percent this week and was on track for its best week since August 2013.
"For gold, the initial reaction was safe-haven demand due to the uncertain political situation in Europe, but then the latest move might be more of a reaction to comments from central banks that they are moving to an easing bias," Danske Bank senior analyst Jens Pedersen said.
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