USD rally puts pressure on Gold

GOLD

A rally in the U.S. Dollar continues to put pressure on precious metal prices, with Gold reaching a low of $1,309 per ounce this morning. Demand for physical investment coins and bars remains strong outside of the U.S. At 11am PDT today, Gold is trading at $1,314 per ounce, down $5 on light volume.

SILVER

When Gold reached today’s low, Silver dropped to a low of $16.17 per ounce, but quickly recovered. Silver needs to move back above $16.50 to regain investor confidence. At 11am PDT today, Silver is down $0.12 per ounce, trading at $16.32 on light volume.