Gold And Silver See Light Selling On A Strong Dollar

GOLD

Gold traded this morning between $2,621 and $2,651 as mixed news affected the market. A stronger U.S. Dollar is putting pressure on the Gold price, and concerns about what the U.S. Government will be doing next month is causing increased central bank Gold demand.

At 11am PT today, Gold is trading at $2,637 per ounce, down $18 on average volume.

SILVER

Silver tested the $30 per ounce support level this morning when Gold was trading near today's lows. Silver rallied with Gold on good demand late in the trading session. $30 is a very important support level for the short and long-term Silver price.

At 11am PT today, Silver is down $0.09 per ounce, at $30.44 on normal volume