New Trade Agreement Putting Pressure On All 4 Precious Metals
A new trade agreement with Canada and Mexico caused a rally in the U.S. Dollar Index (over 95) and our equity markets putting pressure on all four precious metals today. At 11am PDT today, Gold is trading at $1,189.50 per ounce, down $2 on average volume.
With downward pressure on the Gold price today, Silver couldn’t hold Friday’s closing price. At 11am PDT today, Silver is trading at $14.50 per ounce, down $0.12 on normal volume.