Gold And Silver Moving Higher On The Israel-Hamas Conflict News

GOLD

As the Israeli-Hamas conflict intensifies, the precious metals moves higher, a true safe Haven investment. The U.S. Dollar has lost some of its luster and has been moving lower this week, which adds to the demand for Gold and Silver. Gold has reached a high of $1,877 (a $17 increase) today. Testing the key $1,900 level is on the horizon. At 11am PT Today, Gold is up $15 per ounce, trading at $1,875 on excellent volume.

SILVER

Silver moved higher with Gold this morning on news from Israeli. Silver has traded today above and below the key $22 per ounce resistance/support level. Strong demand for the popular Silver investment coins has been driving the premiums slightly higher. At 11am PT today, Silver is up $0.23 per ounce, trading at $22.01 on strong volume.