A Strong U.S. Dollar Continues To Pressure Gold

GOLD

The Gold price got hit this morning in Asian markets and stayed on the defensive as trading in European and U.S. Gold markets reached a low of $1,853 (a 2-month low) before seeing some short-covering and fresh buying. A strong U.S. Dollar continues to keep pressure on the Gold price. At 11am PT today, Gold is down $44, trading at $1870 on good volume.

SILVER

Silver reached a low of $22.05 in European trading this morning, before seeing short-covering. At this price, demand remains strong for the popular Silver investment items, and premiums aren’t dropping. At 11am PT today, Silver is down $0.44, trading at $22.71 on good volume.