Gold price seeing pressure
A higher U.S. Dollar, interest rates, and Equity Market are putting pressure on the Gold price. Gold traded in Asian/Middle Eastern markets above $1,330, then European and U.S. markets opened and Gold started falling. At 11am PST today, Gold is $1,314 per ounce, down $15 on good volume.
Silver followed Gold lower, breaking below the $16.50 level on short selling. Silver is staying above the 80-to-1 Gold/Silver ratio. At 11am PST today, Silver is down $0.30 per ounce, trading at $16.34 on excellent volume.