Gold and silver prices both made moves this week, with gold passing US$2,400 per ounce once again and silver finally breaking through the important US$30 per ounce mark. It’s the first time the white metal has been there since 2013, and the milestone has sparked speculation about just how high it could go in this cycle.
While the gold price has been on the move this year, many of the experts I’ve been speaking with have emphasized that a gaining traction with a wider audience — as it seems to be doing — will help it really take off.
The uranium sector has been quieter for the last few months, but it was back in focus this week as US President Joe Biden signed into law a bill banning imports of uranium products from Russia. The Prohibiting Russian Uranium Imports Act has been making its way toward the president since late last year, and was widely expected to pass.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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