During Asian trading this morning, the Chinese government announced they were imposing 106 new U.S. product tariffs. Global financial markets reacted to the downside and precious metals rallied. Gold reached a high of $1,347 per ounce before short-term profiting took hold. At 11am PDT today, Gold is trading at $1,337 per ounce, up $2 on good volume.


Silver reached a low of $16.20 when Gold was hit with profiting. Then Silver buyers came in to the Silver markets and it quickly rallied above $16.30 per ounce. At 11am PDT today, Silver is down $0.12 per ounce, trading at $16.31 on normal volume.