Dollar Weakens as Interest Rates Remain Strong

GOLD

Gold traded today between $1,820 and $1,835 as the global Gold markets digest how the ban on Russian Gold will affect sourcing and prices. The U.S. Dollar is showing some weakness today, as interest rates remain strong, giving a mixed message to precious metal traders. At 11am PT today, Gold is trading at $1,825 per ounce, down $2 on average volume.

SILVER

The Silver price has shown strength from the opening, as the Silver price attempts to break above the important $21.50 level. Trading volume is showing increases on many of the trading exchanges around the world. At 11am PT today, Silver is up $0.02 per ounce, trading at $21.20 on normal volume.