Gold continues down as Fed talk continues
Federal Reserve Chairman Powell is back in Congress today, talking and taking questions with Senators about the economy and Fed policies. Gold continues this down-leg, reaching a low of $1,302 this morning before buyers stepped in. At 11am PST today, Gold is trading at $1,306, down $12 per ounce on normal volume.
Silver followed Gold lower, reaching a low of $16.13 this morning in European markets. Silver is showing excellent price support in the face of Gold testing its $1,300 level. At 11am PST today, Silver is down $0.12 per ounce, trading at $16.30 on excellent volume.