Gold hits $2,000 per ounce; Silver hits $25 per ounce

Gold prices rallied to a fresh intraday record late-morning Thursday, propelled by continued appetite for precious metals amid the COVID-19 pandemic. December gold GCZ20, 2.30% was up $27.50, or 1.3%, at $2,013.60 an ounce, at last check. Meanwhile, silver prices for September delivery SIU20, 7.36%, the most-active contract, were also buoyant, up 4.7% at $25.56 an ounce.

https://www.marketwatch.com/story/gold-prices-surge-midday-tuesday-to-reach-an-intraday-record-above-2013-silver-jumps-nearly-5-2020-08-04

My first thought was that these are futures prices, not spot prices.  But the spot price of gold according to goldprice.org is now (8/4/20 at 2pm) $2015/ounce and the spot price of silver is now $25.93/ounce.  Hmm, it seems like it was just last week that gold was at $1900 and silver was at $24.  Wait, it was.

See http://aftermath2022.blogspot.com/2020/07/silver-hits-24-per-ounce.html published 7/31/20

http://aftermath2022.blogspot.com/2020/07/gold-hits-1900-per-ounce.html published 7/27/20