Gold reached $1,284, then saw profit taking

GOLD

Gold reached a high of $1,284 in early morning trading then there was some short-term profit taking and professional selling. For the bulk of today, Gold has traded in narrow range above and below $1,278 per ounce. At 11am PDT today, Gold is up $2 per ounce, trading at $1,277 on average volume.

SILVER

Silver tested its $17 per ounce support level this morning, reaching a low of $17.01. Silver found buyers above $17 and quickly rallied back to $17.12. At 11am PDT today, Silver is trading at $17.11 per ounce, down $0.01 on normal volume.