Sellers drove the price of Gold down
Gold opened higher in Asian markets, reaching a high of $1,218, then sellers came in, driving down the price. Gold hit a low of $1,207 before the selling abated and buyers got aggressive. At 11am PDT today, Gold is trading at $1,209 per ounce, down $7 on normal volume.
Silver followed the Gold price higher and lower, reaching a high of $15.54 and dropping to a low of $15.24 per ounce. The summer doldrums finally hit Silver buyers, with global sales dropping on investment quality Silver products. At 11am PDT today, Silver is down $0.10 per ounce, trading at $15.35 on average volume.