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Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Powers Ahead in Strong Rally
July 23, 2020 - (Gold Market Wire) - Gold prices are playing catch up with the recent mania in Silver by taking on nearly a full 1% increase today, so far. Gold has digested Silver's rally and is lending credence to the move by rising strongly.
Gold's action is a slow motion reverberation of Silver's recent moves to the upside, which have been powerful, to say the least. Today, may even see Silver register a 'red' day, although we wouldn't bet on it. It seems a completely new notion to keep an eye out for Silver having a down day, strange as it seems.
Of course the question on everyone's mind in the Gold market, "if Silver led us up here, is it about to lead us back down?"