Gold and Silver Updates

Gold price

The cost of gold is at an all-time high, sustained by the untreated spread of Covid-19 in the U.S. and deepening stress in your home and abroad

In the early morning of Asian trading hours on Monday, area gold traded at about $1,93111 per ounce after earlier trading as high as $1,9439275 per ounce. Those levels eclipsed the previous record high price set in September 2011.

In a note distributed prior to the brand-new highs, Commonwealth Bank of Australia’s Vivek Dhar said the fall in U.S. 10- year genuine yields has actually been the “essential chauffeur.”

Meanwhile, Johan Jooste of The Global CIO Office told CNBC’s “Street Signs” on Monday that there’s a “horrible feeling of chasing it a bit after the truth” if investors get in the gold market now.

Gold does not pay dividends or bear interest, but rates of interest are near no and the economy remains in ruins, so … Go Gadget Gold. Rates are up 28% CNN posted this chart, drawn by Julia Horowitz:

gold price

Likewise worrying is President Trump’s coy disinclination to leave workplace as November’s general election techniques