Dow Sees 900 Point Increase On Possible Vaccine News

Dow Sees 900 Point Increase On Possible Vaccine News

GOLD

Gold hit a high in early Asian/European trading of $1,762 per ounce, before seeing profit taking as investors turned their buying to undervalued stocks. The 900 point increase in today DJIA was caused by positive news about the success with coronavirus vaccine tests from a company called Moderna. At 11am PT Today, Gold is trading at $1,737 per ounce, down $18 on excellent volume.

SILVER

Silver rallied sharply higher with Gold in early trading and moved above the key $17 per ounce resistance level. But, when Gold sold-off on the positive vaccine news, Silver held above $17 on fresh buying. At 11am PT today, Silver is up $0.48 per ounce, at $17.19 on excellent volume.

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