Gold & Silver Rally on Geopolitical News

GOLD

Gold and Silver Prices rose sharply today with Gold trading between $2037 and $2059 this morning. Gold and Silver rallied following news of U.S. and British Air strikes in Yemen, prompting safe-haven buying. The federal reserve has also been hinting at stopping interest rate increases and possible rate cuts coming in 2024, good news for the precious metals.

At 11am PT today, Gold is trading at $2051 per ounce, up $31.

SILVER

Silver followed Gold up on safe haven buying this morning. The white metal has recovered from its recent seven week low today on speculation that the Federal Reserve is done with interest rate hikes and rate cuts may be coming this year.

At 11am PT today, Silver is trading at $23.30 per ounce, up $0.64.