China Increases Gold Reserves For Fourth Month Straight

GOLD

This morning, China reported it purchased 11.2 tonnes of Gold in March. This is the fourth straight month China has increased its Gold reserves. That news and a lower U.S. Dollar has caused Gold to reach a high of $1,303 per ounce in early trading. Gold is now trading above and below the important $1,300 level. At 11am PT Today, Gold is trading at $1,298 per ounce, up $7 on good volume.

SILVER

Silver moved higher with Gold this morning, reaching a high of $15.28 per ounce on excellent trading volume. At 11am PT today, Silver is up $0.14 per ounce, trading at $15.24 on strong trading a volume.