COVID-19 Relief Bill Should Be Voted On Tomorrow

GOLD

As the 10-Year Treasury bills reached a one year high over 1.50%, Gold couldn’t stay above the key $1,800 level. Gold reached a low of $1,765 before finding bargain buying. The COVID-19 relief bill should be voted on tomorrow, which could create increased demand for Gold and Silver if it passes. At 11am PT today, Gold is down $25 per ounce, trading at $1,776 on active volume.

SILVER

As Gold’s value fell in early trading, Silver couldn’t hold above the key $28 level, reaching a low of $27.35 per ounce. Silver continues to show more price support than Gold, as popular Silver investment items hold strong premiums. At 11 am PT today, Silver is trading at $27.55 per ounce, down $0.42 on normal volume.