Gold Scores Second Highest Settlement; Silver Tops $26

Thanks to the Federal Reserve with their quarter point hike in interest rates, gold and silver rose yesterday in their respective spot prices.

According to Coin News:

While prices for platinum declined on Thursday, they increased for gold, silver and palladium. Notably, silver reached a near 14-month high and topped $26 an ounce, while gold scored its second best settlement ever.

Gold for June delivery rose by $18.70, or 0.9%, to finish at $2,055.70 an ounce on the Comex division of the New York Mercantile. The settlement is the highest since Aug. 6, 2020, when gold ended at a record $2,069.40 an ounce.

Gold futures traded between $2,038.50 and $2,085.40, after increasing by 0.7% on Wednesday, rising by 1.6% on Tuesday, and shedding 0.4% on Monday.

Silver for July delivery tacked on 54.6 cents, or 2.1%, to close at $26.227 an ounce, which marks the highest settlement since March 10, 2022, when silver ended at $26.256 an ounce.

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