Excellent Gold demand in Asian markets

GOLD

This morning in Asian Gold markets, there was excellent demand based on a weak U.S. Dollar and China imposing new tariffs of up to 25% on 128 U.S. imported products. Gold reached a high of $1,340 per ounce before seeing some light selling. Financial markets in many European countries are closed for the holiday, but our markets are open and the Dow Jones is down over 500 points, giving more momentum to precious metals. At 11am PDT today, Gold is up $18 per ounce, trading at $1,343 on normal volume.

SILVER

Silver rallied this morning at a greater percentage than Gold. Strong Asian demand for physical investment products caused Silver to reach a high of $16.72 per ounce. At 11am PDT today, Silver is trading at $16.64, up $0.40 per ounce on average volume.