July 08, 2020

Gold and silver jumped today as COVID uncertainty, seemingly, unending central bank intervention, and worsening trade relations between the US and China,  are boosting precious metals’ appeal among investors.  Gold is trading at $1,817, its highest level since 2011 and securely above the $1,800 threshold that seemed to be holding it back last week.  Silver is trading at its highest level since late 2016.  US stocks are still up modestly, even with today’s spike in metals.