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Gold trading in a declining range
Gold continues to trade in a declining $15 high/low range today. Gold has traded from a low of $1,239.70 to a high of $1,254.50 per ounce. The U.S. Dollar was strong in Asian and European markets and has rolled into the U.S. higher. At 11am PDT today, Gold is trading at $1,243 per ounce, down $10 with active trading volume.
Silver broke below the key $16 per ounce level in early Asian trading. It then stayed below $16 in the European and U.S. Markets. Silver reached a low of $15.81 this morning in U.S. trading. At 11am PDT today, Silver is down $0.24 per ounce, trading at $15.88 with high trading volume.