Geopolitical risks, a much weaker dollar and falling treasury yields giving gold and silver a boost this morning.
Some Street gold traders in early this morning after a three day holiday jumping on the bandwagon buying gold.
Far east physical demand overnight as reported by one gold trader I spoke to also fueling the fire.
All awaiting a speech by British Prime Minster Theresa May on plans for a “hard Brexit” that should support a rally in the metals to continue. The Prime Minster also indicated you will not see a half in, half out exit from the European Union.
At the world economic Forum in Davos, some economists have indicated that a trade war between the United States and China are the biggest threats to the global economy.
Tomorrow and Thursday we will have the opportunity to hear from Fed Chairwoman Janet Yellen as she has two speeches planed.
Have a wonderful Tuesday.
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