US equity markets & Dollar putting pressure on precious metals

GOLD

U.S. equity markets and the U.S. Dollar continue to rally, putting pressure on precious metals. Gold broke below the key $1,250 per ounce level in late U.S. trading and opened below $1,250 in Asian and European commodity markets. At 11am PST today, Gold is trading at $1,247, down $6 per ounce on average volume.

SILVER

Silver found heavy bargain buying in Asian markets at the current price level. Disappointingly, Silver is trading lower than its 2016 close of $15.94 per ounce. At 11am PST today, Silver is down $0.02 per ounce, trading at $15.80 per ounce on normal volume.