Phil Carr
The Gold & Silver Club
Gold prices soared past the key $2,000 mark for the first time in history on Tuesday, as the ultra-low interest rate environment and hopes for more U.S. stimulus to safeguard the coronavirus-hit economy enhanced the safe-haven metal's appeal..
Talks between White House and Democratic leaders in the U.S. Congress were finally moving in the right direction as they tried to reach an agreement over a major coronavirus relief bill, a U.S. Senate's top Democrat said.
Gold has surged a stellar 33% so far this year, supported mainly by lower interest rates and widespread stimulus by global central banks to ease the economic blow from the pandemic.
Other precious metals also followed suit, with silver rallying as much as 7.3% to a one-week peak of $26 an ounce, platinum rose 2.2% and palladium rose 2.2%.
Where are prices heading next? Watch The Gold & Silver Club Commodity Report now with Phil Carr for the latest price forecasts and predictions:
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