Gold Trying To Stay Above $1230 Per Ounce Level
Gold had a wider $19 trading range today from $1,224 on the low to $1,243 on the high. Right now, with the U.S. Dollar’s strength (96.40 U.S. Dollar Index), Gold is trying to stay above $1,230 per ounce level. At 11am PDT today, Gold is trading at $1,228, down $6 per ounce on excellent volume.
Silver tested the $14.50 per ounce support level this morning, reaching $14.54. Premiums on the popular Silver physical investment items are moving higher. In late trading Silver broke below the $14.50 level on heavy volume. At 11am PDT today, Silver is down $0.20 per ounce, trading at $14.47 on heavy volume.