by Yuliya Fedorinova and Luzi-Ann Javier
Bloomberg.com
Silver climbed to the highest in more than a year, set for the best month since 2013, amid the dollar’s slump and an improving outlook for industrial demand. Gold surpassed a one-year high.
All precious metals rose as a gauge of the dollar touched an 11-month low after weaker-than-expected U.S. economic growth cut prospects for higher interest rates, adding to the appeal of non-yielding assets. Traders now see less than a 50 percent chance that the Federal Reserve will raise borrowing costs by November, according to Fed fund futures data tracked by Bloomberg.