Gold is up while the Dollar has declined<br />Daily Market Report 5/31/17

GOLD

The U.S. Dollar hit a new 2017 low today, at 96.92, which is below the 97.00 support level. Gold is up about 10% this year while the U.S. Dollar has declined more than 5.5% over the same period. The weaker dollar is providing Gold with strong demand, driving the price over the $1,270 level. At 11am PDT today, Gold is trading at $1,271 per ounce, up $8 on excellent demand.

SILVER

Silver is still holding in a tight trading range from $17.23 to $17.45 per ounce today. With the strength in the Gold price, I would like to see a higher Silver price. At 11am PDT today, Silver is down $0.08 per ounce, trading at $17.32 on average volume.