A Strong U.S. Dollar Temporarily Dropped The Gold Price

GOLD

In early trading in Asia and Europe, a strong U.S. Dollar took the Gold price down to $1,785 per ounce, then came sizeable buying that lifted the price to over $1,795 by the time the U.S. Market opened. At 11am PT today, Gold is trading up $2 at $1,795 on normal volume.

SILVER

This morning Silver took its price direction from Gold and reached a low of $23.30 in Asian and early European trading. Silver rallied back with Gold, reaching a high of $23.94 per ounce. At 11am PT today, Silver is down $0.14 per ounce, trading at $23.82 on average volume.