On Nov 9th, Gold moved above $1,700 per ounce, which is an important technical level. To be sure, Gold had reached up to $2,050 per ounce in late March of this year. Gold had similarly moved above $2,000 per ounce in Aug 2020.
During the initial part of this century, Gold increased from around $240 per ounce in 2001, all the way to $1,900 per ounce in 2011, a 646% increase.
Same for Silver, which has already crossed above 3 month high levels of $22 per ounce, and is all set to cross $26 per ounce which was its highest ever level reached, in March this year.
