Seeking Alpha
2020-07-28 02:29:00

Gold, silver, crypto continue big runs in evening trade

Gold (XAUUSD:CUR) has pushed to a new all-time high of $1,967 per ounce, up nearly 2% since the afternoon close. Silver (XAGUSD:CUR) is ahead more than 6%, and now up to $26.04. The white metal has made the bigger move of late, but would need to nearly double from here before taking out an all-time high. Bitcoin (BTC-USD), meanwhile, has cracked $11K for the first time in nearly one year, now trading hands at $11,100.Alongside the rise in precious metals and crypto, the dollar ([[UUP]], [[USD]]) - which hit a multi-year peak in mid-March and has been headed south since - is roughly flat in evening trade. Some perspective: At 93.57, the dollar index remains well above the levels from where it spent the decade from roughly 2004-2014.

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