Gold rally continues
The Gold demand continues in Asian, Middle Eastern, and European markets as the price reaches a 4-month high of $1,337 per ounce. Helped by a lower U.S. Dollar the Gold price rallied $15 in overnight trading. At 11am PST today, Gold is trading at $1,336 per ounce, up $15 on excellent volume.
The Silver price was certainly helped by today’s Gold rally. Silver moved up today, reaching a high of $17.25 per ounce before seeing light profit-taking. Silver did test the $17 support level this morning, reaching a low of $16.97 before the Gold rally helped bring buyers into the market. At 11am PST today, Silver is up $0.18 per ounce, trading at $17.17 on heavy volume.