Excellent Demand For Most Of The Trading Day In Asia And Europe

GOLD

Gold opened high and showed excellent demand most of the trading day in Asia and Europe. One of the helpful factors for Gold is the U.S. Dollar index continuing to drop, now below 97. Gold has shown excellent fresh demand today, rallying back over the key $1,700 per ounce level. At 11am PT today, Gold is trading at $1,701 per ounce, up $19 on good demand.

SILVER

Silver moved up with Gold this morning, hitting a high of $17.76 in Asian trading. Silver did reach a low of $17.35 last Friday, and now it is on a strong rally. At 11am PT today, Sillver is up $0.30 per ounce, trading at $17.70 on excellent volume.