The gold and silver prices continued their rally during the Wednesday session, as it almost feels as if the markets are finally reading through the ‘Lucy pulling the football away’ Iran war headlines, and are realizing that the month-long gold and silver sell-off was far overdone.
The gold futures were up $104 to $4,783, while the silver futures were up 40 cents to $75.32.
Of course, by Wednesday night, President Donald Trump delivered an address about the Iran war, where, contrary to the latest batch of ‘the war is almost over’ headlines, he said that he now plans to bomb the country back to the Stone Age.
In response, the precious metals have dropped again.
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