December 07, 2020

Gold is up 1.4% to begin the week, gaining momentum as stocks retreat from record highs and the US dollar continues to hover around a 2 ½-year low.  Silver is currently up about 2.0%, trading at its highest level in 20 days at $24.65.  Stocks are mixed with the Dow down over 200 points—trying to remain above 30,000, the S&P 500 down 0.30%, and the Nasdaq up 0.40%. A second round of stimulus totaling $908 billion is likely to be passed by Congress shortly.  The majority of the funds are for extended unemployment benefits and small business relief, however, additional details on what the package includes are due out tomorrow.