The Interest Rate on the 10-Year U.S. Treasury Just Moved Above 3%

GOLD

The interest rate on the 10-Year U.S. Treasury just moved above 3%, signaling a strong chance the Federal Reserve will be raising interest rates soon. This news took Gold back below the important $1,200 per ounce resistance/support level. The Bull/Bear Gold war continues. At 11am PDT today, Gold is trading at $1,198, down $4 per ounce on normal volume.

SILVER

Silver, once again tested the $14 support level this morning and held. Silver reached a low of $14.03 before quickly rallying $0.08 per ounce. At 11am PDT today, Silver is down $0.04 per ounce, trading at $14.16 on average volume.

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