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This afternoon, spot gold is surging higher by $27.00 to $1689.00 an ounce. The precious metal took off to the upside after the Ben Bernanke speech this morning which stated that the Federal Reserve would continue with further accommodating policies. Gold is one of the best indicators that inflation is being created. The SPDR Gold Trust (NYSEARCA:GLD) is trading higher by $2.84 to $164.37 a share. Investors can also easily see the major stock indexes are surging higher today as everything inflates higher. The SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) is climbing by more than 1.00 percent on the session. 

Silver is also catching a sharp bid higher today. The iShares Silver Trust (ETF) (NYSEARCA:SLV) is trading higher by 0.73 cents to $31.96 a share. The SLV is often a cheaper way for investors to play the gold trade. All traders and investors should continue to watch and follow the price in the U.S. Dollar. As the U.S. Dollar declines the precious metals will generally inflate and trade higher