Once again, we woke up this morning to see gold rising to a record in New York and London as concern about faster inflation and a weakening U.S. dollar. Historically, when the U.S. Dollar falls, gold rises as an alternative investment. Silver also touched a 31-year high.
On our home currency front, the Canadian dollar has taken a little breather after a strong few weeks. There is no data to report out of Canada today, so we do not expect any major volatility, unless we get surprises from the US Monetary policy.