Gold and Silver Higher As China Lifts COVID Restrictions

Above, 1964 JFK half dollars containing 90% silver. Photo by Armand Vaquer.

For those of us holding gold and silver (along with other precious metals) saw today that China's lifting of COVID restrictions gave precious metals futures a boost in value.

From MSN:

METALS STOCKS

Gold and silver futures settled sharply higher on Tuesday as the U.S. dollar slipped. Copper also jumped on hopes that China lifting COVID-19 restrictions to reopen its economy will boost demand of industrial metals and support the country’s real-estate sector.

Price action

• Gold for February delivery rose $18.90, or 1.1%, to settle at $1,823.10 per ounce on Comex. It had traded as high as $1,841.90 in early dealings, the highest intraday level for a most-active contract since June 27, according to FactSet data.
• March silver rose 30 cents, or 1.2%, to end at $24.22 per ounce. 

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