Gold dropped then recovered in U.S. Markets
Gold dropped to $1,310 in early European trading on strong U.S. economic news and started to recover as U.S. markets opened. Gold buyers were attracted at this price as the U.S. Dollar remained weak. At 11am PST today, Gold is trading at $1,322 per ounce, down $1 on normal volume.
Silver followed Gold lower, reaching support in the $16.40 area. Silver has quickly bounced back to above $16.50 per ounce. At 11am PST today, Silver is up $0.05 per ounce, trading at $16.65 on Gold volume.