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%).

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.