Gold is in a holding pattern
This morning, with the U.S. Dollar and interest rates moving higher, Gold is treading water and going nowhere. Gold has traded in a holding pattern between $1,310 and $1,319 per ounce today. At 11am PDT today, Gold is trading at $1,315 per ounce, unchanged from Friday on good volume.
Silver is trading above and below the important $16.50 per ounce level. Silver reached a low of $16.36 and a high of $16.62 per ounce, while it’s waiting for direction. At 11am PDT today, Silver is up $0.02 per ounce, trading at $16.52 on normal volume.