Gold, Silver Surge Higher As China Opens Their Precious Metals Markets To Overseas Investors
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It was quite the start to the week for the gold and silver pricing on Monday. As the prices of both metals started rallying early, and continued to do so throughout the afternoon.
The gold futures were up $91 to $3,406.
The silver futures had an even bigger day, up $1.70 from the Sunday night open (over 5%), and currently trading at $34.93. And as a reminder, the high for the year in the silver futures is $35.49.
There were a few items driving the rally today.
The breakdown of the tariff situation again, where ‘hopes for renewed U.S.-China dialogue quickly dimmed as Beijing accused Washington of violating their latest trade agreement (although Trump and Xi Jinping are expected to finally meet in the near future).’
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