Gold waiting for short-term direction
Gold traded today between $1,320 and $1,330 waiting for news that would give it short-term direction. Equity markets, the Dollar, and interest rates are also in limbo awaiting news from the White House. At 11am PST today, Gold is trading at $1,321 per ounce, down $6 on normal volume.
Silver is finding support above $16.40 per ounce as global demand for physical Silver investment product continues to increase. At 11am PST today, Silver is down $0.02 per ounce, trading at $16.50 on average volume.