Fresh buyers for precious metals
A weaker U.S. equity market is bringing in fresh buyers to the precious metal trading pits. After Gold reached a low of $1,307 in early trading, it quickly rallied $10 on excellent demand. At 11am PST today, Gold is trading at $1,319 per ounce, up $5 on strong volume.
Silver found fresh bargain buyers when it hit the $16.23 per ounce low this morning. Silver followed Gold’s rally higher as equity markets fell. At 11am PST today, Silver is up $0.10 per ounce, trading at $16.44 on excellent volume.