The price of gold today is down slightly from yesterday’s 11-week high.
Gold prices in 2017 are off to a great start as they hit the $1,200 mark for the first time since November.
The price of silver gained nearly 2% last week as the dollar fell and Trump held his press conference.
But we’re watching another indicator that could have a bullish effect on prices this year.
I’ll be blunt: This is the perfect time to lay into ample supplies of gold and silver. I think that, here at the start of 2017, we’re on the cusp of a good strong bull run for both metals.
The biggest silver price news recently is that silver is coming off its first yearly gain since 2012.
The price of gold gained 9% in 2016, marking the metal’s first yearly rise since 2012.
Right now fear is rampant in the precious metals sector. It could be time to get greedy.
Gold prices today (Friday) are up slightly, but it has been a down week for the precious metal following the December Fed rate hike.
The spot gold price today (Friday) is higher in morning trading, which is a reprieve from the losses the precious metal saw throughout the month of November.
Gold prices today are climbing slightly, after a month of mostly losses for the precious metal.
And while some investors remained discouraged on the action of gold prices this month, we view this as a buying opportunity now.