Gold and Silver Bounce off the Lows and Moving Higher

GOLD

Gold moved back above the important $4,500 level last night during trading in China and India. By the time Gold was trading in London and the U.S., it was trading above $4,550 per ounce. A weaker U.S. Dollar and optimism of potential settlement of the Iranian war had contributed to the rally, but safe-haven buying was strong.
At 11am PT today, Gold is trading at $4,560 per ounce, up $58 on strong volume.

SILVER

Silver broke above the $70 per ounce level at the close of trading in the U.S. Then, Silver hit a high of $74.67 during overseas trading last night. When Silver started trading in the U.S., it was $72.92 per ounce.
At 11am PT today, Silver is up $2.55 per ounce, at $72.60 on excellent trading volume.