PRECIOUS METALS & MARKET UPDATE DEC 1st: Dollar Dump Pushes Gold & Silver Higher

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Posted by SRSrocco in Energy, Precious Metals, Silver Members on December 1, 2020 — Comments Off on PRECIOUS METALS & MARKET UPDATE DEC 1st: Dollar Dump Pushes Gold & Silver Higher

The surge in the gold and silver prices today was the result of the large Dollar sell-off.  The U.S. Dollar has been trading off an important support level for the past four months, but finally broke below it today, causing a nice really in the precious metals.  Gold was up $40…

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