Gold is trading in a tight range

GOLD

Gold is trading in a very tight $7 high/low range today, between $1,328 and $1,321. Much of the negativity on Gold is surrounding the possibility of denuclearization of the Korean peninsula and the current easing of tensions. I’m going to discuss this issue in the weekly market report on Monday. At 11am PDT today, Gold is trading at $1,324 per ounce, down $2 on good volume.

SILVER

Silver reached a low of $16.18 per ounce this morning before serious buyers appeared, driving the price back up to $16.35. Silver continues to show good demand for physical investment products. At 11am PDT today, Silver unchanged at $16.35 per ounce, on normal volume.