Precious Metals Rising On Inflation News

GOLD

The U.S. Dollar Index drops below 95 and the interest rate on the 10-Year Treasury moves lower while Gold and Silver move higher. Plus, the December consumer price index (CPI) increases 7%, excluding food and energy. The 2021 CPI increased 5.5%, the largest increase since 1991. Gold quickly rose $6 per ounce and kept on going on excellent fresh demand. At 11am PT today, Gold is up $6 per ounce, trading at $1829 on strong volume.

SILVER

Silver was a larger beneficiary of today’s CPI increase, showing inflation is now real. Demand for the many new 2022 Silver investment coins and bars has remained strong. At 11am PT today, Silver is up $0.39 per ounce, trading at $23.27 on excellent volume.