27 January 2012

Precious Metals Jump, “Everything Points to Even Higher Prices”

By jturbin

January 26, 2012 3:22 PM EST

Gold and silver futures settled substantially higher at the COMEX on Thursday amid a broad-based rally in commodities and weakness in the U.S. dollar.

COMEX gold for February delivery climbed $26.60, or 1.6%, to $1,726.70 per ounce – its highest closing level since December 7, 2011.

Silver futures finished higher by $0.62, or 1.9%, at $33.74 per ounce – its best settlement since November 16, 2011.

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