Gold is staying low
While increasing trade war tariffs and the strength of the U.S. Dollar dominate the news, Gold continues to stay at a ridiculously low price. Today, Gold traded between $1,207 and $1,216 per ounce with increased buying from the Mid-East (Iran primarily) and Asian markets. Many of the world’s central banks are reporting sizeable purchases of Gold in July. At 11am PDT today, Gold is up $4 per ounce, trading at $1,213 on normal volume.
Watching Silver trade is like watching paint drying - it is stuck in a narrow trading range. At 11am PDT today, Silver is up $0.05 per ounce, trading at $15.40 on average volume.