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?
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?
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