Gold Continues To Stay In A Tight Trading Range
Today, the DJIA is down over 400 points and we are likely to face increasing volatility in the U.S. equity markets as no progress is seen in the U.S.-China trade negotiations. Meanwhile Gold continues to stay in a tight trading range from $1,185 to $1,192 per ounce, as the U.S. Dollar Index is unchanged. At 11am PDT Today, Gold is trading at $1,191.50 per ounce, up $4.50 on average volume.
Silver traded today between $14.22 to and $14.46 per ounce, well below the key $14.50 support/resistance level. Premium on physical Silver investment products are starting to raise due to increasing demand. At 11am PDT today, Silver is down $0.02 per ounce, trading at $14.33 on normal volume.