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Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Gold and silver markets are exhibiting more signs of breaking out into a rally. On Thursday, bond yields pulled back sharply. That helped fuel a new record in the Dow Jones Industrials. But the precious metals sector was an outperformer on the day, with mining stocks leading gold prices to a fresh multi-week high. As of this Friday recording the upward momentum has continued and gold spot sports a weekly gain of 2.0% to come in at $1,786 an ounce. Silver is up 3.2% since last Friday’s close to trade at $26.23 per ounce. Platinum is unchanged for the week to trade at $1,223. And finally, palladium is trading up near a record high at $2,807 an ounce after advancing 4.7% so far this week.

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