Fed Is Done Thinking Helping Gold & Silver Rally

GOLD

The Fed is done raising interest rates environment is driving up the precious metal prices. After trading in the U.S. started gold quickly reached $1,988, up $27 for the day on heavy buying. Bearish economic data released today is showing a contraction in our economy also helped gold demand. At 11am PT today, Gold is trading at $1,984, up $23 on excellent volume.

SILVER

The Silver price broke above $24 this morning, reaching a high of $24.12 before seeing some light selling. Strong demand for popular physical Silver investment coins (see 2023 U.S. Mint Gold Sales Outpace 2022 By October Silver Sales Leap ) is helping this rally. At 11am PT today, Silver is up $0.40 per ounce, trading at $23.83 on excellent volume.