January 15, 2018 -- Gold and silver prices recovered on Friday, closing higher for 5th week in a row. The money metals eked out modest gains based largely on continued weakness in the U.S. dollar.

The DXY index ended at 3-year lows. It is a dismal start to 2018, coming on the heels of a 10% drop in 2017. Last year's drop represents one of the worst annual performances in history for the greenback. The currency markets, like the precious metals markets, are unimpressed by the Fed's recent moves to raise interest rates.

If metals can make a transition to serving as an "inflation hedge" in investors' minds, it may lift prices more significantly.



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