A Stronger U.S. Dollar Causes A Weaker Gold & Silver Price

GOLD

A stronger U.S. Dollar Index (over 96) resulted in a weaker Gold and Silver price. As governments around the world wait to see the severity of the new Omicron Covid-19 variant, Gold seems to be in a holding pattern between $1,750 and $1,800 per ounce. At 11am PT today, Gold is trading at $1,768 per ounce, down $18 on average volume.

SILVER

Silver is showing excellent physical and futures demand at many of the world’s leading exchanges and dealerships today. At 11am PT today, Silver is down $0.05 at $22.44 per ounce.