We brought the weakness of the US dollar in particular against the euro... And a key risk for the dollar is, of course, the desire debate about Fed independence... So this is something to look at as well.

The discussion emphasized rising gold and silver prices mainly due to potential Fed easing, geopolitical risks, and investor shift to precious metals as safe havens.

The Fed is very focused at the moment on the downside risk to the labour market... So it looks at inflation as it's transitory unless it's proved in a different way and they think they need data, will not challenge this in September and then we'll see after that.