Precious metals off to big start in 2014

|By:, SA News Editor

Gold is having its biggest day in three weeks, up 1.8% to $1,224 per ounce, and silver is higher by 3.3%, with optimism about boosted demand from Asia as good of an excuse as any for the rally.

Chatter from India about the rate hike cycle not just being over, but about to go into reverse is helping, as is a New Year's Eve move by the RBI to loosen control over gold imports.

GLD +1.7%, SLV +3.1%

The miners get off on the right foot in 2014 as well: GDX +3.8%, SIL +3.3%.

Related ETFs: GLD, SLV, IAU, AGQ, PHYS, SIVR, PPLT, USLV, PALL, ZSL, SGOL, UGL, DGP, GLL, DZZ, UGLD, DGL, DBS, DSLV, DGZ, PTM, AGOL, GLDI, DGLD, SLVO, PGM, TBAR, USV, UBG, GDX, GDXJ, NUGT, DUST, SIL, GLDX, SLVP, GGGG, RING, SILJ, JNUG, PSAU, JDST