Gold Hits Record High
- Thread starter Alwayslit
- Start date
Punched through 4k like it wasn't an issue.
(Kitco News) - Gold prices are higher in midday U.S. trading Monday, with December gold futures hitting a new contract/record high of $4,014.60 an ounce. Safe-haven bids are keeping the yellow metal elevated. Silver prices are sharply down on profit taking after hitting a 14-year high Monday. December gold was last up $23.50 at $3,999.30. December silver prices were down $0.763 at $47.685.
The U.S. government shutdown, political turmoil in France, economic worries in Japan and Argentina and the Russia-Ukraine war that is still running hot are all bullish geopolitical elements that are driving safe-haven demand to the precious metals. Also, major industrialized countries are stocking up more on (hoarding) precious metals.
The key outside markets today see the U.S. dollar index up again, while crude oil prices are near steady and trading around $61.75 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently around 4.15%.
(Kitco News) - Gold prices are higher in midday U.S. trading Monday, with December gold futures hitting a new contract/record high of $4,014.60 an ounce. Safe-haven bids are keeping the yellow metal elevated. Silver prices are sharply down on profit taking after hitting a 14-year high Monday. December gold was last up $23.50 at $3,999.30. December silver prices were down $0.763 at $47.685.
The U.S. government shutdown, political turmoil in France, economic worries in Japan and Argentina and the Russia-Ukraine war that is still running hot are all bullish geopolitical elements that are driving safe-haven demand to the precious metals. Also, major industrialized countries are stocking up more on (hoarding) precious metals.
The key outside markets today see the U.S. dollar index up again, while crude oil prices are near steady and trading around $61.75 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently around 4.15%.
What a start to the new year. 
. Demand is off the charts for both retail and industrial. I'm hearing there is no shortage of silver but demand is so high the mints cant keep up.
I was hoping for a pullback to 50 in silver to buy more but doesn't look like that going to happen.
. Demand is off the charts for both retail and industrial. I'm hearing there is no shortage of silver but demand is so high the mints cant keep up. I was hoping for a pullback to 50 in silver to buy more but doesn't look like that going to happen.