Gold & Silver Getting Ready For A Great 2024

GOLD

We start 2024 with Gold rallying in Asia and Europe, reaching a high of $2,077 before rolling into the U.S. As we moved into the U.S. commodity markets, the U.S. Dollar rallied (moving over 102), and Gold quickly sold off. Gold reached a low of $2,057 before finding bargain buying.

At 11am PT today, Gold is trading at $2,064 per ounce, down $10 on light trading.

SILVER

Silver followed Gold, reaching $24.11 in Asian trading and selling off in the U.S. Market, reaching a low of $23.70 per ounce. Buyers got aggressive at today’s low, taking the market up $0.15.

At 11am PT today, Silver is down $0.21 per ounce, trading at $23.84 on light volume.