Gold Quietly Drifting Back to Its All-Time High


<p>With President Donald J. Trump taking the oath of office yesterday, it promises to be a news-filled week of executive orders and appointments.<br /><br />Markets are watching for proclamations on the economic policy front. Trump stated yesterday that he looks to hit Canada and Mexico with 25% tariffs within a few weeks, although the specific goods that would be covered are unknown. Traders seem to believe that gold, at least, will be excluded, as implied by a narrowing spread between U.S. futures market prices and spot prices elsewhere. (A larger spread in silver remains, however.)</p>
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<p><br />Meanwhile, <a href="https://www.moneymetals.com/silver-price&quot; target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://click.ibg.moneymetals.com/Pages/Click.aspx?ghff34ghj%3D3%257c820844%257c73%257c7%257cfgrsna.tyrnfba%2540zbarlzrgnyf.pbz%26wdmdk%3DQixXXwse7EMGPT1NkJU3ZA%26sysid%3D1&amp;amp;source=gmail&amp;ust=1737568581747000&amp;usg=AOvVaw2k_Spb2wZn1i7C9exeD0Qd" rel="noopener noreferrer">silver prices</a> and especially gold prices have been drifting upward. At $2,740 this morning, gold is now less than 2% below its all-time high reached right before last year's presidential election.</p>
<p>This gold strength is coming in the face of a Federal Reserve note "dollar" that remains strong against other devaluing fiat currencies across the globe.<br /><br />Meanwhile, demand in the U.S. retail bullion market remains, leading to historically low premiums. That means purchasers are able to increase their cost efficiency, as our own Clint Siegner&nbsp;<a href="https://www.moneymetals.com/news/2025/01/20/its-a-buyers-market-for-bullion-003769&quot; target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://click.ibg.moneymetals.com/Pages/Click.aspx?ghff34ghj%3D3%257c820956%257c73%257c7%257cfgrsna.tyrnfba%2540zbarlzrgnyf.pbz%26wdmdk%3DeP77z34bZeHpKG76EzvJPw%26sysid%3D1&amp;amp;source=gmail&amp;ust=1737568581747000&amp;usg=AOvVaw0kPg6Z33qSyIy_6zGrkeBj" rel="noopener noreferrer">explained yesterday</a>.<br /><br />Some of the best deals on the Money Metals site can be accessed on our specials page.&nbsp;</p>
<p><a href="https://www.moneymetals.com/buy/specials&quot; target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://click.ibg.moneymetals.com/Pages/Click.aspx?ghff34ghj%3D3%257c820957%257c73%257c7%257cfgrsna.tyrnfba%2540zbarlzrgnyf.pbz%26wdmdk%3DTU%252fxbvYno2t%252be4C5IdU%252bBw%26sysid%3D1&amp;amp;source=gmail&amp;ust=1737568581747000&amp;usg=AOvVaw0RKJ01rBExjYfgpeIcnCTb" rel="noopener noreferrer">Check it out here</a>&nbsp;or call us at <strong>1-800-800-1865</strong>!</p>

      



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