GOLD BAR

GOLD BAR
9999 PURE GOLD

Wednesday, January 24, 2018

DOLLAR PLUNGES, CRUDE RISES

Gold and silver ended the U.S. day session sharply higher.  Gold is at a 4.5-month high and silver notched a nine-week high.  The U.S. dollar slumped to a 3.5-year low.  Crude oil prices hit a 2.5-year high.  February Comex gold was last up $20.20 an ounce at $1357.10.  March Comex silver was last up $0.587 at $17.495 an ounce.

U.S. Treasury Secretary Steven Mnuchin said in Davos, Switzerland that a weaker U.S dollar is beneficial for the U.S. economy. 

Nymex Crude oil prices settled above $65.00 a barrel. 

Will this gold and silver rally last?