Precious Metals Could Resume Their Rally After Starting the Week Strong
On Monday, gold started the week on a high, closing the day with gains of 2% to put the metal on firm footing after it had climbed to a record high of $5,106 earlier in the day. Silver also registered gains of 7% on the day, reviving expectations that precious metals could be set to regain their upward momentum. Precious metals have experienced intense volatility thus far in February, but the start to this week has enabled them to regain some of the ground they lost in earlier choppy trading. The chief market strategist of Spartan Capital Securities, Peter Cardillo,…