Gold/Silver: We continue to add to our long-term strategies

This week was a bit of a snoozer in precious metals, with Gold and Silver up a half a percent. The market volatility has broadly been on the decline since Monday, and ever since last Wednesday's Federal Reserve policy meeting, each asset class raced to price in higher inflation expectations for 2021 and a speedier timeline to two rate hikes. Committee members this week confirmed prospects for two and even three rate hikes by the end of 2023 but were cautious in signaling a taper without data for another three to four months.