Easing Russian/Ukrainian Tensions Cause Gold Sell-Off

GOLD

Easing tensions on the Russia/Ukraine border has caused Gold to sell-off from 3 month highs. This news, plus the 10-Year Treasury reaching 2.05%, has caused Gold to test its $1,850 per ounce support level. At 11am PT, Gold is trading at $1,859, down $15 on above average volume.

SILVER

The Silver price fell with Gold, testing the key $23 level. Silver reached a low of $23.04 before finding bargain buying, which quickly rallied the price by $0.25 per ounce. At 11am PT, Silver is trading at $23.50, down $0.45 on average volume.