Concerns Over Brexit In Britain Drives U.S. Dollar Index To Record High

GOLD

Concerns over Brexit in Britain took Sterling and the Euro lower today, driving the U.S. Dollar Index to record high. A negative for Gold, but buyers came in at $1,202 and support looks good today. The U.S. Dollar also benefited from some tough talk on US-China trade negotiations from White House Trade, which has driven down U.S. equities. At 11am PT today, Gold is trading at $1,203 per ounce, down $5.50 on normal volume.

SILVER

Silver dropped with Gold, hitting the key $14 per ounce support level. Considering this is a holiday, the trading volume on the CME December contract is excellent. At 11am PT today, Silver is down $0.10 per ounce, trading at $14.06 on excellent volume.