Gold opened higher on weaker USD & lower interest rates

GOLD

With a weaker U.S. Dollar and lower interest rates, Gold opened higher, reaching a high of $1,299 per ounce. Big question is will the U.S. market push Gold over $1,300 today? At 11am PST today, Gold is trading at $1,294, up $5 per ounce on excellent volume.

SILVER

Silver opened higher this morning, reaching a high of $17.20 per ounce. If Gold can move firmly above $1,300, we should see a nice rally in Silver. At 11am PST today, Silver is up $.06 per ounce, at $17.05 on good volume.

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