Asian buying took Gold over $1,300

GOLD

The Gold rally continued this morning as Asian buying took the price over the important $1,300 per ounce resistance level, reaching a high of $1,303. Monday is an important day for Gold investors, the price needs to close above $1,300 per ounce to hold this bullish breakout. At 11am PDT today, Gold is trading at $1,301 per ounce, up another $7 per ounce on normal volume.

SILVER

Silver has followed Gold higher, reaching a high of $17.43 per ounce this morning. Physical demand for Silver investment products (bars, rounds and coins) is showing excellent growth. At 11am PDT today, Silver is trading at $17.34, up $0.12 per ounce on average volume.