Given what seems like a parabolic increase in gold and silver prices, many investors are attracted to these metals as investment opportunities. We evaluate gold and silver prices as they are an important input into our analysis of the future direction of economic growth. Gold tends to be a safe haven investment for investors.
Industrial production in U.K. marked its worst streak since 1980 as the outputs dropped another 1.0% in February after sliding 2.7% in the previous month. Weakening demands from home and abroad lowered the annualized reading in January, with the largest annual decline since the series began in 1949.
Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.
