Gold set for best week since 2020, silver breaches $100 in stunning rally
Yahoo Finance·2026-01-23 15:56
Gold (GC=F) rose close to $5,000 per ounce on Friday while silver (SI=F) touched $100 in what has been an epic rally for precious metals. Bullion is headed toward its best week since 2020, gaining 13% year-to-date. Goldman Sachs noted private sector investors have been getting in on the epic rally in addition to central banks' accumulation of gold. Strategists cite a weaker US dollar, expectations of Federal Reserve easing, large fiscal deficits, and fading demand for government debt. Earlier this week ...