Now in its second week, a remarkable rally in gold and silver pricing continues. This rally began with bargain-hunting and short covering; however, this recent leg is predominantly based upon a weakening U.S. dollar.

Although gains have been modest, both gold and silver have closed higher for the last four consecutive trading days. As of 3:30 Eastern Standard Time, gold is currently trading up $3.10 (0.24%), based on the June 2017 futures contract, at $1230.70.

In recent weeks, gold and silver pricing moved dramatically higher due to many factors combining to paint the global geopolitical environment as uncertain.