Dollar Index And Employment Put Pressure On Gold

GOLD

A strong U.S. Dollar Index and a report that April U.S. employment dropped 20 million put pressure on the Gold price this morning, reaching a low of $1,677 per ounce. Strong demand showed up at that attractive price and Gold quickly rallied $10. At 11am PT today, Gold is down $14 per ounce, trading at $1,696 on normal volume.

SILVER

Silver held up well when Gold sold off this morning, only seeing a low of $14.96 per ounce. Demand continues to be strong for popular Silver investment products. At 11am PT today, Silver is trading at $15 per ounce, down $0.01 on good volume.