Gold $1,300 Key Resistance Level Awaits Break In U.S. Dollar

GOLD

Gold continues to stay in the $1,280 to $1,300 trading range as the U.S. Dollar Index moves back above 97. Any break in the Dollar would result in Gold breaking above the key $1,300 resistance level. At 11am PT Today, Gold is up $1 per ounce, trading at $1,291 on normal volume.

SILVER

Silver tested the $15 support/resistance level this morning and held at $15.02 (day’s low) per ounce. The high/low range on Silver was only $0.16, from $15.02 to $15.18 per ounce. At 11am PT today, Silver is trading at $15.10 per ounce, up $0.02 on average volume.