Demand for Silver and Gold Increase as Investors Anticipate Slowdown in Interest Rates

GOLD

This morning Gold reached an eight-month high of $1,882 per ounce, as the dollar moved lower. Many investors increasingly anticipated a slowdown in the Federal Reserve’s interest rate policy. Fed Chairman Jerome Powell is scheduled to speak Tuesday in Stockholm. At 11am PT today, Gold is trading at $1,872 per ounce, up $4 on good volume.

SILVER

As Gold moves higher, Silver continues to trade above and below the key $24 per ounce level. Demand for physical Silver investment products is picking up with premiums dropping. At 11am PT today, Silver is down $0.18 per ounce, trading at $23.70 on strong volume.