Gold saw selling in the Far East this morning
Gold saw selling in the Far East this morning, driving the price down to the lower end of the recent trading range of $1,186 per ounce. A higher U.S. Dollar Index is also putting pressure on Gold. At 11am PDT today, Gold is trading at $1,187 per ounce, down $15 on low holiday volume.
Silver followed Gold lower, reaching $14.25 before finding strong buying. Demand for physical Silver investment products picked up dramatically at the lower level. At 11am PDT today, Silver is down $0.31 per ounce, trading at $14.35 on light volume.