Gold and Silver Updates


Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here!

(Kitco News) – February gold futures are at $1,831.20 ounce, a 1.09% drop as of noon ET.

February silver futures are additionally decrease, off 3.8% to $24.79.

The U.S. dollar is up with traders searching for a protected haven after receiving worrying financial knowledge immediately.

Retail gross sales in America had been off 0.7% final month, the third straight decline. The U.S. greenback versus the Euro was up 0.54% to 0.8268.

On Thursday president-elect Biden proposed a large support package deal close to $2 trillion to counter financial hurt and fund COVID-19 distribution.

Disclaimer: The views expressed on this article are these of the writer and will not replicate these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of knowledge supplied; nevertheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any alternate in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from the usage of this publication.


Source link