This was truly an historical week for traders of the precious metals. Both gold and palladium made substantial and strong upside moves resulting in a all-time new record high for palladium, and gold reaching a seven-year high.

Now for the fifth consecutive day gold pricing has closed higher on the day. Since hitting the low of $1566 on February 12, gold has continued to have moderate to solid gains.

Gold pricing close moderately higher closing above the highs achieved in January during the brief skirmish between the United States and Iran. In fact, the last time gold traded at this level on a closing basis was in February 2017.