Another big drop in the fiat U.S. dollar also helped metals prices. The DXY index fell below 94 for the first time in more than two years. It has been steadily downhill for the Federal Reserve Note since peaking at nearly 103 in December.
Congress is not inspiring much confidence in the greenback. Republicans failed again to deliver Obamacare reform and tax cuts later this year are looking less likely.
Meanwhile, the GOP leaders who enjoyed blaming Democrats for debt ceiling hikes during the Obama years are gearing up to ram through some major hikes of their own.
Check out precious metals live spot prices here:
Originally Posted Here: $GLD and $SLV Prices as of July 24 2017 @moneymetals