Gold and Silver Cautiously Moves Over Concerns of Rising Interest Rates

GOLD

Gold reached a low of $1,827 before seeing major bargain buying that took the price back up to $1,845 per ounce. Traders’ concerns over the Fed raising interest rates to at least June has caused reluctance in taking sizeable positions in Gold or Silver. At 11am PT today, Gold is trading at $1,844 per ounce, up $9 on excellent volume.

SILVER

Silver has followed Gold higher today, reaching a high of $21.87 before slowing down. Demand continues for many of the popular Silver bullion investment coins. At 11am PT today, Silver is trading up $0.17 per ounce at $21.80 on good volume.