Metals Soar as Federal Interest Payments Reach Staggering Levels

Volatility in all markets has risen this week in the wake of on-again-off-again tariffs, poor earnings announcements in the tech sector, and wild action surrounding the precious metals markets.

The U.S. stock market is having a rough day today on the heels of weak economic news, particularly today's consumer sentiment reading. Major indexes are down across the board, especially the tech-heavy Nasdaq.

Gold and silver, though, continue to melt higher... with gold making new all-time highs almost daily.

The yellow metal is trading up another $6 here today and is approaching the $2,880 level. As of this Friday recording, gold comes in at $2,873, good for another 2.2% weekly increase. Silver has flattened out late this week in the $32.30 range, coming off of five weeks of steady gains. At this moment the white metal checks in at $32.33, also, like gold, up 2.2% since last Friday’s close.

Other than a big day of retail demand in the U.S. on Monday, sparked by big declines in the U.S. stock market, interest in physical gold and silver remains at the same modest levels we've seen since last November's election.

The recent gains in the precious metals continue to be fueled by demand elsewhere, including institutional players and central banks.

With Valentine's Day coming up in just one week, be sure to check out Money Metals' investment jewelry options – both gold and platinum. We have a massive selection of rings, bangles, pendants, charms, earrings, chains and even cufflinks available. Since these items are all priced relatively close to their actual metal value, this is the savvy way to buy jewelry!

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