Chairman Powell’s speech on Wednesday, November 30 caused extreme volatility leading to a dynamic price spike that took gold futures to an intraday high of $1817 on Thursday, December 1.

Both gold and silver had stellar performances this week. This week the precious metals moved on both the jobs report and chairman Powell’s speech on Wednesday.

Precious metals traders flocked back into gold and silver futures today as the metals exhibited a stellar response to changes in the aggressiveness of the Fed’s monetary policy. Market participants continue to react to Chairman Jerome Powel