Chinese buying took Gold to $1,341

GOLD

Early this morning, initial buying in China took the Gold price to a high of $1,341 per ounce. As European and U.S. markets opened, we saw a small sell-off, taking the price down to $1,331. At 11am PST today, Gold is trading at $1,331 per ounce, up $2 from Friday.

SILVER

Silver rallied with Gold this morning in Asian markets, reaching a high of $16.82 per ounce. When European and U.S. markets opened it sold off to the $16.60 area. At 11am PST today, Silver is up $0.06 per ounce, trading at $16.58 on average volume.