Excellent Vaccine News Outweighs U.S. Dollar Drop

GOLD

This morning, excellent vaccine news outweighed a drop in the U.S. dollar (below 92) to a 2-year low, in determining the value of Gold. Gold reached a low in early trading of $1,765 before finding serious support and seeing a $15 rally. At 11 am PT today, Gold is trading at $1,780 per ounce, down $7 from Friday’s close on good volume.

SILVER

This morning, Silver broke down with Gold, briefly dropping below the key $22 per ounce support level, before finding bargain buying that resulted in a $0.60 rally. Heavy demand for the popular Silver investment coins could probably cause shortages/delays in the near future. At 11 am PT today, Silver is trading at $22.60 per ounce, down $0.20 from Friday’s close on average volume.