The first trading day of the new quarter got off to a good start as gold led the charge higher by breaking above $1,330.00 during the Asian trading day. Unfortunately, gold and silver disappointed the “longs” during U.S. trading yesterday, as the overnight rally did not continue with silver briefly trading back below $21.00.
This morning finds gold and silver probing higher and perhaps gaining support from platinum and palladium, which continue to surge as platinum has broken above $1,500.00 and, at its current price of $1,518.00, is trading at a $190.00 premium to gold. Trading volume will likely be muted today as many U.S. market participants get an early start on the summer holiday season and the long July 4th weekend. For those that spend the day with us, Fed Chair Yellen is addressing the IMF today and her comments could spark volatility in all markets.
© Copyright 2021 ModernCoinMart (MCM). All Rights Reserved. MCM does not sell coins and numismatics as investments, but rather as collectibles.
Please review MCM's
Terms and Conditions,
Terms of Use and
Privacy Policy
before using this website and prior to purchasing from MCM. All website content is for reference use only and does not constitute investment,
legal or financial advice. We encourage the sharing and linking of our information but reproduction of our news and articles without express
permission is prohibited. Instead of reproducing, please provide the link to the original article or use the share buttons provided.