Strong Gold demand in Asian trading

GOLD

In overnight Asian trading there was strong Gold demand, driving the price up to $1,289 per ounce for a short period of time. Selling hit the European and U.S. markets, taking the price down to the $1,276 level. At 11am PST today, Gold is trading at $1,278, down $4 per ounce on average volume.

SILVER

Silver continues to trade above and below the important $17 per ounce level. When Gold rallied in Asian markets, Silver reached a high of $17.24. At 11am PST today, Silver is down $0.07 per ounce, trading at $17 on normal volume.

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