Gold is holding its own today

GOLD

Gold is holding its own today, trading in the $1,284 to $1,291 range. The investment community is anxiously awaiting indications of monetary policy changes as the three day Jackson Hole meeting of global central bankers begins tomorrow (Thursday, 8/24.) This combined with the tense geopolitical landscape and the increasing concerns over President Trump’s inability to implement his pro-business agenda is continuing to thrust more and more investors towards safe haven assets such as physical Gold. At 11am PDT today, Gold is up $4, trading at $1,290 on typical volume for the end of summer.

SILVER

Silver is also holding steady today, trading just above and below the $17 level for most of the day. Silver prices continue to edge higher as Silver investors are also looking ahead to news from the Jackson Hole conference. At 11am PDT today, Silver is up $0.07, trading at $17.11 also on average volume for late August.