USD & interest rates keeping Gold at current level

GOLD

A stronger U.S. Dollar and U.S. interest rates moving higher are keeping Gold at current levels. The Chinese come back to the market on Monday, which should be bullish for the Gold price. At 11am PST today, Gold is trading at $1,329 per ounce, down $2 on light volume.

SILVER

With no direction from Gold, Silver traded in the $16.50 area most of the day on light volume. I look for Silver to move higher next week, when the Chinese markets open on Monday. At 11am PST today, Silver is down $0.08 per ounce, trading at $16.52 on light volume.