Fresh Buying For Gold Thanks To Tesla Inc.

GOLD

Yesterday, after Elon Musk of Tesla Inc. bought $1.5 billion of Bitcoin, he clearly stated that Tesla’s revised policies also permit it to invest in Gold. That news combined with a weaker U.S. Dollar Index is helping drive fresh buying for Gold. At 11 am PT today, Gold is trading at $1,844, up $8 per ounce on excellent volume.

SILVER

Silver tested the $27 support level this morning, reaching $26.71 in early European trading before moving back above $27 in the U.S. Demand continues to be strong for many of the popular silver investment items. At 11 am PT today, Silver is down $0.25 per ounce, trading at $27.07 on good volume.