Gold and Silver Rally Amidst Weakening in U.S. Economic Momentum

GOLD

The latest report from the National Association of Realtors (NAR) indicated there was a decrease in the sale of existing homes, but Gold held steady about $1,925 per ounce as the data still exceeded expectations. The drop in U.S. retail sales and industrial production reveal a slowing U.S. economy and Gold is expected to rally. At 11am PT today, Gold is trading at $1,929 per ounce, up $5.

SILVER

Silver is expected to rally with Gold as inflation rates decrease and economic momentum slows. At 11am PT today, Silver is trading at $23.95 per ounce, up $0.30.