10-Year Treasury Rates Pressuring Precious Metals

GOLD

U.S. interest rates continue to move higher, with the 10-Year Treasuries reaching 2.39%. Higher interest rates are putting pressure on precious metals and Gold hit a low of $1,910 before finding bargain buying. At 11am PT today, Gold is down $12 per ounce, trading at $1,924 on normal volume.

SILVER

Silver dropped below the key $25 level on the interest rate hike, reaching a low of $24.52. Demand remains strong and premiums are holding on many of the popular investment coins. At 11am PT today, Silver is trading at $24.91 per ounce, down $0.33 on average volume.