Amadeusz Juskowiak

Currencies could influence bullion againmontagu

Currency fluctuations may reassert their influence on the bullion market in the near future bullion bankers Samuel Montagu and Co Ltd said in a market report

But the firm said silver may lag behind gold in any reactions to movements on foreign exchanges

OPECs failure to address the recent decline in oil prices remains a worrying factor however and on balance it appears that the market should be approached cautiously Montagu said

The bank said the US economy has shown no noticeable longterm improvement and that both Latin American debt and the Iranian arms affair could undermine confidence in the dollar