For the third consecutive week, gold has rallied. This culminates with today’s nine dollar move, effectively taking prices above $1300 on a closing basis.

Gold declined throughout the first part of this month up until the lows achieved on December 11^th. At this time, prices traded to the monthly low of $1238 per ounce.

Precious metals continue to gain value, with gold on track for a stellar monthly performance. Gold prices have been moving consistently higher since December 11, when prices bottomed at $1238 an ounce.