- 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
Precious metals off to big start in 2014
Jan 2 2014, 15:17 ET