Gold, Silver and Platinum surge ahead with impressive double digit YTD returns

Gold, Silver and Platinum surge ahead with impressive double digit YTD returns Year-to-date (YTD), based on prices at the time of writing, precious metals prices in US dollar terms have been making impressive double digit returns. The gold price has now risen 20.73% YTD, the silver price is up 25.91%, and the spot platinum price is 22.25% higher.

Much of these returns have been generated since early June, when first the US dollar gold price and then the US dollar silver and platinum prices started rising strongly. In many leading currencies such as euro, pound sterling, Japanese yen and Singapore dollars, gold prices have already made and continue to put in new all time highs.

Notable in its absence is an all time high for the gold price in US dollars. But this may be just a matter of time. When the US dollar gold price hit an all time high above $1900 in August 2011, it had been trading at $1545 just six weeks earlier, which shows that at times, the gold price can move very quickly. Continue reading…

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