Today both gold and silver had substantial gains as yields dropped for U.S. 10-year Treasury notes to 1.56%, and geopolitical tensions rose between the United States and China as well as Russia.

Gold futures have been in a defined and narrow trading range ever since hitting a high of $1759 on April 8. This high was hit after gold traded to a second low, or double bottom on the 30^th and 31^st of March. This follows the first low of the double bottom which occurred on March 8 when gold was traded to a low of $1673.

This morning the U.S. Bureau of laborers released its most current consumer price index for March. Inflation via the CPI came in above expectations by economists. The numbers showed that the CPI gained +0.6%, which was 10 points above consensus and the highest single month tally since June 2009.

Tomorrow at 8:30 AM EST, the U.S. Bureau of labor statistics will release its Consumer Price Index summary.

Gold futures basis the most active June 2021 Comex contract is currently fixed at $1744.10, after closing yesterday at$1756.50, the highest price since February 26. Gold futures basis the most active June 2021 Comex contract lost $14.10 in trading today.

Gold futures basis the most active June 2021 Comex contract is currently fixed at $1756.50 after factoring in today’s strong gains of $14.90 (+0.86%). Dollar weakness was partially responsible for today’s gains, but the majority of gains were due to market participants bidding the precious yellow metal higher as active buyers.

Gold and silver both traded fractionally lower today after scoring dynamic price advances over the last two weeks. Today’s nominal declines resulted from a combination of minor dollar strength, an uptick in yields on the 10-year U.S. Treasury notes, and market participants bidding both precious metals lower.

A combination of factors has contributed to gold prices continuing to rise now for the fourth consecutive day. The low last week was $1677. Gold prices have since risen to almost $70 in just about a week. In the last four trading days the U.S.

Gold futures basis the most active April 2021 Comex contract is currently fixed at $1729.20 after factoring in today’s marginal gains of $0.80 (+0.05%). Dollar weakness was responsible for all of today’s gains as market participants bid the precious yellow metal lower by actively selling today.

Both gold and silver had been trading under extreme pressure, resulting in dramatic price declines in both precious metals. In fact, gold traded to an intraday low on Tuesday of just below $1680. Gold prices have been under pressure for quite some time as a multitude of factors have been directly responsible for the lower pricing. Rising yields on 10-year U.S.