Gold Up A Whopping $50 Per Ounce

GOLD

The new coronavirus variant is causing stricter regulations in Europe and closing down many key economies. This combined with the U.S. dollar hitting a new 2-year low (89.43) gave Gold the push needed to break $1,900 and kept on going. At 11 am PT today, Gold was trading at $1,943 per ounce, up a whopping $50 per ounce on excellent volume.

SILVER

Silver moved higher with gold reaching a high of $27.63, almost a $1 higher before seeing some light profit-taking. We expect to see many of the popular 2021 silver investment items by next week. At 11 am PT today, silver was up $0.90 per ounce, trading at $27.20 on excellent volume.