Recent dips in precious metals — especially gold — were due to profit-taking among longer-term investors. Also weighing down prices is U.S. monetary policy. In September, the Federal Reserve did not raise rates and gold and silver dipped as a result. But pricing trends could change if inflation ticks up, and the Fed pulls the trigger on a rate hike.

This story first appeared in the November 4, 2015 issue of WWD. Subscribe Today.

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