Gold moved higher as equity markets stabilized
This morning the world’s equity markets have stabilized and Gold moved higher in Asian, Middle Eastern, and European markets. When U.S. markets opened, Gold was up $10 per ounce immediately and had good support. At 11am PST today, Gold is trading at $1,324, up $8 per ounce on excellent volume.
This morning Silver has rallied sharply, based on a Gold rally and a weaker U.S. Dollar. Silver moved higher, above the key $16.50 per ounce level on bargain buying, primarily in Asian markets. At 11am PST today, Silver is up $0.28 per ounce, trading at $16.54 on excellent volume.