Federal Reserve Extends Main Street Lending Program

GOLD

The U.S. Dollar index staying above 90 and the Federal Reserve extending their Main Street lending program to January 8 did nothing for the Gold price today. Gold traded between $1,872 and $1,888 during today’s trading, continuing to build a nice firm base. At 11 am PT today, Gold is trading at $1,877 per ounce, down $2 on average volume.

SILVER

Silver saw some early selling, driving the price down below the $26 support level. After reaching $25.90 bargain buyers got aggressive and the price quickly moved above $26. At 11 am PT today, Silver is down $0.20 per ounce, trading at $26.12 on normal volume.