Gold trading in narrow range

GOLD

Gold is trading in a narrow $9 High/Low range from $1,285 to $1,304 per ounce. Gold is basically in a holding pattern as financial indicators are mixed. Interest rates are coming down while the Dollar remains strong. At 11am PDT today Gold is up $1, trading at $1,302 per ounce.

SILVER

Silver is trying to move back above the $16.50 level with minimal help from the Gold market. At 11am PDT today, Silver is up $0.13, trading at $16.55 per ounce on average volume.

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