Gold And Silver Hit New All-Time Highs For The Second Day In A Row

GOLD

Gold and Silver Prices are once again hitting new record highs today amid rising geopolitical tensions and falling consumer confidence. The consumer confidence index fell to 89.1 in December, below the forecasted 91 for this month. This, a disappointing report on sales of durable goods in October, the tension between the U.S. and Venezuela, and the recent reported decline in consumer sentiment brought Gold to a new high of $4,484, skirting the $4,500 level before falling back from its high on news of a strong GDP report.

At 11am PT today, Gold is trading at $4,486, up an astounding $51 this Tuesday.

SILVER

Silver followed Gold higher, hitting the record high of $70 per ounce, putting Silver’s gains over 130% this year. The white metal rose on disappointing consumer reports and increasing tension in the geopolitical sphere and has set new record highs right alongside its yellow counterpart.

At 11am PT today, Silver is trading at $71.18, up $2.78 for today.