Central bank buying takes gold back over $4,000 per oz

GOLD

Yesterday and last night in overseas trading, gold reached a low of $3,963 per ounce.
Then during late London trading today, sizeable buying (I believe from a Central bank) came in and lifted the gold price to a high of $4,044 per ounce.
Gold needs to stay above the major support $4,000 level today and tomorrow to remain bullish.
At 11am PT today, Gold is up $45 per ounce, trading at $4,035 on excellent volume.

SILVER

Silver rallied above today’s low of $56.24 in London, when gold moved above $4,000 per ounce.
However, it only reached a high of $59.12 before seeing short-term selling.
Silver needs to move above $60 per ounce to regain traders’ confidence.
At 11am PT today, silver is trading at $57.30 per ounce, up $0.20 per ounce on strong volume.