We have more breaking news than usual today—the new Biden administration kicking things off yesterday is surely a catalyst behind all these articles.

Gold & Silver Central is pleased how well everything went yesterday with the inauguration in D.C. and we hope that the political tensions will now cool down in Congress and on the streets.

Investors are ready to get back outside to talk face to face with clients and friends once again, right?

Have a great Thursday.

Let’s dig in…

Latest News
New Treasury Secretary Speaks, Pushing Gold Higher, Dollar Drops

Gold gained as the dollar eased following commentary on the U.S. currency, the merits of massive stimulus, and the outlook for trade from President-elect Joe Biden‘s cabinet nominees. Biden’s pick for Treasury secretary, former Federal Reserve chair Janet Yellen, disavowed using exchange-rate policy to obtain a competitive advantage, a difference from Steven Mnuchin, who repeatedly expressed a preference for a weaker dollar. At the same time, she did not say she backs a “strong” dollar. Yellen also told the Senate Finance Committee that the slew of state spending was needed to fight the coronavirus pandemic while playing down concerns about the rising debt it creates amid an era of enduring low-interest rates. Yellen could be confirmed in her role as soon as Thursday.

Latest News
This New Credit Card Lets Users Spend Fiat, Crypto, and Precious Metals

Bitpanda, a digital investment platform, has launched a Visa debit card that allows customers to switch among multiple assets such as cryptocurrencies, fiat currencies, and precious metals to fund payments. Calling the card a world first, the Vienna, Austria-based firm said Wednesday the Bitpanda Card can be linked to any asset in a user's portfolio on the platform, which can be selected via the company's app.

Latest News
Yellow Metal Gains Over 1% as Biden Administration Takes the Economic Reigns

Gold rose more than 1% on Wednesday on expectations that U.S. President Joe Biden's administration would increase stimulus measures to deal with the economic fallout of the coronavirus pandemic. Spot gold was up 1.6% to $1,868.00 per ounce by 1:56 p.m. EST (1856 GMT), having touched more than a one-week high earlier. U.S. gold futures settled up 1.4% at $1,866.50. "Whether the feelings of comity will last the afternoon remains in question as Biden's first acts will be to reverse some of his predecessor's policies. Gold has had a very good day and a close here or even near $1,860 opens the door for $1,900," said Tai Wong, head of base and precious metals derivatives trading at BMO.

Stock Market
Here’s a Global Precious Metals E-Waste Recovery Market Report 2020-2025

The "Precious Metals E-Waste Recovery Market by Source (Household Appliances, IT & Telecommunication, Consumer Electronics), Metal (Copper, Gold, Silver), & Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The precious metals e-waste recovery market is estimated to be valued at USD 9.4 billion in 2020 and is projected to reach USD 11.8 billion by 2025, at a CAGR of 4.6% from 2020 to 2025. Growing investments in precious metals in emerging countries of Asia Pacific demand from end-use industries and the necessity to treat e-waste before disposal are the key factors driving the growth of the precious metals e-waste recovery market. Prices of precious metals are volatile in nature and any major economic or global event can result in extremely uncertain pricing. Copper is the largest segment of the global precious metals e-waste recovery market, by metal.

Commentary
2021 Brings Same Risks That Drove Gold in 2020

The Thanksgiving holiday attempt by short speculators to drive gold prices below the technically important $1,800 per ounce level failed, as gold rebounded to $1,815/oz on 1 December and gained $121.41 (6.8%) to end the month at $1,898.36/oz. Gold stocks also had strong moves with gains of 4.57% for the NYSE Gold Miners Index (GDMNTR)1 and 10.76% for the MVIS Global Junior Miners Index (MVGDXJTR)2. News of vaccine shipments and shots during the month had no impact on gold, which suggests the vaccine excitement was fully priced into the gold market weakness in November. Gold trended to its monthly high of $1,906/oz on 21 December, when Congress reached a final agreement on $900 billion of deficit spending for a new coronavirus relief package. Gold was also supported by a weakening dollar, which fell to new 30-month lows brought on by “risk-on” trading with new highs in the stock market. Importantly, the heavy gold bullion ETF outflows seen in November also stopped in December.

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Gold Silver Central