At the same time, the inflation threat continues to grow, which means real rates will remain in low to negative territory.
February gold was last up $9.50 at $1,798.20 and March Comex silver was last up $0.226 at $22.755 an ounce.
Bulls’ next upside price objective is to produce a close above solid resistance at the December high of $1,815.70.
Silver bulls’ next upside price objective is closing prices above solid technical resistance at $24.00 an ounce.
Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at the November high of 451.15 cents.