Gold trading in narrow range as USD & interest rates continue to drop

GOLD

As the U.S. Dollar and interest rates continue to drop, Gold is trading in a narrow $12 high/low range from $1,328 to $1,340 per ounce. This is the highest price Gold has traded at since September 26th 2016. At 11am PDT today, Gold is trading at $1,338 per ounce, up $8 per ounce on excellent volume.

SILVER

Silver moved over $18 per ounce this morning for first time since April 21st 2017. Silver is trading today between $17.76 and $18.04 per ounce. $18 is a key resistance level for Silver’s long term move to $20. At 11am PDT today, Silver is up $0.12 per ounce, trading at $17.84 on good volume.