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It's been a historic week for gold and silver prices. Gold rallied near nine-year highs, approaching its all-time high of $1,920 an ounce. Silver has actually likewise been firing an all cyndrical tubes, breaching $23 an ounce today as it traded near six and also a fifty percent year highs.
Kitco's elderly expert Jim Wyckoff thinks that gold's record high is now ultimately available and even more gains are most likely for both silver and gold.
So, what's driving the precious metals now? Weaker UNITED STATE dollar, dropping yields, worries over increasing Covid-19 instances and expanding stress in between the UNITED STATE and also China are all contributing.
Of what takes place next off, remain tuned to Kitco.com!
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Gold’s massive rally to $1,900, silver’s surprise surge to $23: Weekly Rundown
It’s been a historic week for gold and silver prices. Gold rallied close to nine-year highs, approaching its all-time high of $1,920 an ounce. Silver has also been firing an all cylinders, breaching $23 an ounce this week as it traded near six and a half year highs.
Kitco’s senior analyst Jim Wyckoff believes that gold’s record high is now finally within reach and more gains are likely for both gold and silver.
So, what’s driving the precious metals right now? Weaker U.S. dollar, falling yields, worries over rising Covid-19 cases and growing tensions between the U.S. and China are all contributing.
For what happens next, stay tuned to Kitco.com!
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
