Gold prices are heading up on the hopeful news that the coronavirus pandemic may be cresting in the United States over the next couple weeks. It’s a hopeful look ahead to say the least, but that doesn’t mean we are out of the thick of the matter yet by any measure.
United States Surgeon General Jerome Adams said this week “is going to be our Pearl Harbor moment, our 9/11 moment, only it’s not going to be localized, it’s going to be happening all over the country, and I want America to understand that. I want Americans to understand that as hard as this week is going to be, there is light at the end of the tunnel.”
As of early Monday afternoon trading, gold stood at $1,655 — up more than $30 on the day so far. Meanwhile, silver is up more than 50 cents to $14.95. Stock investors are also happy, with the Dow Jones Industrial Average up over 1,200 points today so far. It’s too early to say just how good things are going to become and how soon, but — perhaps — there really is a path out of the woods.
