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All Articles by Walter Pehowich

Precious Metals Spot Prices

What Moves the Needle When It Comes to Precious Metals Spot Prices? 

When investors look back at the recent rally in the tangible asset market of precious metals, they may rightfully wonder what caused prices to soar. And soar they did! In less than a week and a half’s time (Feb. 3-12), gold prices hit a three-month, six-month and 12-month high. Recently, gold prices hovered at just under $1,250 an ounce, but some pundits and some gold bugs are already predicting a new ceiling at $1,550 per ounce.