US Dollar Index driving Gold down

GOLD

The U.S. Dollar Index was approaching the 94 level this morning, driving Gold down to a low of $1,282 per ounce. In the early afternoon, interest rates sold off and Gold rallied $8, reaching a high of $1,290. At 11am PDT today, Gold is trading at $1,292, down $1 per ounce on average volume.

SILVER

Silver sold off to a low of $16.23 when Gold sold offer earlier this morning, then rallied back above $16.50 per ounce on excellent demand. At 11am PDT today, Silver is up $0.06, trading at $16.55 per ounce on normal volume.

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