European & U.S. Sanctions On Russia Affecting Precious Metals

GOLD

New European and U.S. sanctions on Russia for its aggression on the Ukraine is having an effect on a potential future invasion. Gold has traded between $1,893 to $1,908 per ounce today, as the world waits for what Russia will do. The U.S. Dollar Index is holding around 96, and the 10-year interest rates have dropped below 1.90%. At 11am PT Today, Gold is trading at $1,907 per ounce, up $7 from last Friday on excellent volume.

SILVER

Silver took a precious metal leadership role in the middle of last night with heavy buying in early European trading. Silver saw a high of $24.43 today on inflationary concerns for energy and food products. At 11am PT today, Silver is up $0.26 per ounce, trading at $24.34 per ounce on strong volume.