Gold continues its Friday rally
Gold continues its Friday rally, reaching a high of $1,328 in Asian and European trading. In Europe, Gold got support from the Italian Election results, no party was clearly a winner, and the country remains in limbo. At 11am PST today, Gold is trading at $1,319 per ounce, down $3 on excellent volume.
Silver is holding right above the $16.40 price level this morning. Silver did reach a high of $16.65 in European trading, but quickly sold off when U.S. markets opened. At 11am PST today, Silver is trading at $16.40 per ounce, down $0.10 on good volume.