1. Gold prices surge – Gold hit a new high this week, closing over $2,000 per troy ounce for the first time. – While a specific reason for the latest rally is unclear, it is “probably the expectation of further stimulus measures on the part of governments and central banks that is driving prices ever further up,” Commerzbank wrote in a note. – The weakening U.S. dollar is boosting gold. “Bond yields are also on a clear downward path, which is likewise lending tailwind to the gold price,” Commerzbank said. – Some analysts like silver more – silver prices have soared too, and by more in percentage terms – because silver is used in industrial processes and is positioned to see demand rise as industrial activity rebounds. Analysts also see the prospect of a Biden presidency, and the potential for green stimulus, also boosts silver. 2. Mobility plateaus, questioning […]