Gold reacting to trade war concerns
With concerns that new U.S. tariffs could possibly cause a trade war, Gold rallied to $1,307 per ounce. After a number of market analysts stated it was a negotiating tactic and would be a short-term problem, Gold sold-off, back to $1,300. At 11am PDT today, Gold is trading at $1,301 per ounce, down $1 on average volume.
Silver reached a high of $16.65 per ounce this morning after trade war news. Then Silver sold-off, down to $16.41, before fresh buying appeared. At 11am PDT today, Silver is down $0.10 per ounce, trading at $16.45 on normal volume.