Chairman Powell's Speech Causes Markets To React Aggressively

GOLD

I’m watching Federal Reserve Chairman Powell speak at the Brookings Institution. He is addressing the Fed interest rate policies and the current and future inflation rate. Most financial markets are reacting to his comments. During Chairman Powell’s speech the Gold price rallied about $4, from $1,753 to $1,757 per ounce. At 11am PT today, Gold is trading at $1,757, up $4 on average volume.

SILVER

Silver has been trading higher for most of today’s sessions. The Silver price reacted to Chairman Powell’s comments more aggressively, increasing $0.20 per ounce, from $21.70 to $21.90. At 11am PT today, Silver is up $0.64 per ounce, trading at $21.90 on excellent volume.