Gold Is On The Way To Setting A New All-Time High

GOLD

The road to $2,800 per ounce for Gold, a new all-time high, started after President Trump’s inauguration. On election day, Nov. 5th, Gold closed at $2,740 per ounce, within 7 Days the price of Gold dropped to $2,537 per ounce, a drop of over $200. Then Gold traded between $2,600 and $2,720 for over a month, closing the year of 2024 at $2,629 per ounce. Most of Gold’s price volatility was based on speculation of what was President Trump going to do after he took office. Those concerns became clear within 3 days after Trump took office and Gold started moving higher immediately. In early morning trading on Friday Jan 24th, Gold reached a high of $2,786 per ounce, just under $4 away from a new All-Time high for the Gold price.

At 11am PT Today, gold is trading at $2,774, up $18 from yesterday.

SILVER

Silver moved higher in early morning January 24th trading, breaking above $31 per ounce and reaching high of $31.15 before seeing some light profit-taking.

At 11am PT Today, Silver is trading at $30.67 today, up $0.20.