U.S. Dollar Index And 10-Year Treasury Bill Putting Pressure On Gold

GOLD

The U.S. Dollar Index is approaching 96 and a 10-year Treasury Bill is at 3.20%, both are putting pressure on the Gold price. Gold reached a low of $1,220 per ounce, where it found great support. At 11am PDT today, Gold is trading at $1,223.50, down $3 per ounce on average volume.

SILVER

On Gold’s early weakness, Silver tested the $14.50 per ounce support level and held. Silver remains stuck in a $14.50 to $14.80 per ounce trading range. At 11am PDT today, Silver is down $0.04 per ounce, trading at $14.58 on normal volume.