Bargain Buyers Go For Gold

GOLD

After reaching a high of $1,848 in European trading, Gold sold off in U.S. markets based on concerns of a delay in the $1.9 trillion COVID-19 stimulus legislation and an increase in the 10-year interest rate. Gold reached a low of $1,822 before seeing bargain buying. At 11 am PT today, Gold is down $16 per ounce, trading at $1,828 on good volume.

SILVER

Silver has traded between $26.80 and $27.35 per ounce today, above and below the key $27 level most of today. Most of the world's largest mints are backlogged on many of the popular 2021 Gold and Silver products. At 11 am PT today, Silver is down $0.07 per ounce, trading at $27 on excellent volume.