Gold & Silver Wait Their Turn to Ride the Inflationary Wave :: The Market Oracle ::
As President Joe Biden pushed massive new spending initiatives in his address before Congress, investors shrugged off rising inflation risk. They pushed the S&P 500 up to a new record close on Thursday. Gold, meanwhile, continues to be capped under the $1,800 level – at least for the time being. Silver shows a slight weekly gain and trades a little over $26 per ounce. As trading closes out for the month of April, precious metals bulls will be hoping for a more fruitful May. Although May is typically a quiet month in markets – not known for producing major crashes or price spike...