Phil Carr
The Gold & Silver Club
Gold rose 2% on Tuesday, extending gains from 4% surge in the previous session, after the U.S. Federal Reserve's unprecedented measures to help the economy.
The metal rose 4% on Monday, its highest percentage gain since June 2011.
Gold is surging higher after the Fed went above and beyond in unveiling measures to support the economy.
The U.S. central bank on Monday rolled out an extraordinary array of programs and will lend against student loans, credit card loans, and U.S. government backed-loans to small businesses.
Also propping up bullion markets was the closure of three of the world's largest gold refineries in Switzerland due to the outbreak that has squeezed supply of the physical metal.
Where Are Prices Heading Next?
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