Gold and Silver Slightly Begin to Bounce Back Ahead of Russian/Chinese Meetings and Negotiation

GOLD

Last night during Asian trading, Gold reached a low of $1,653 per ounce, before rallying back in Europe and U.S. markets. The U.S. Dollar Index did briefly move over 110 again and U.S. 10-Year Treasury bills did hit 3.48%, a new 15 year high. Gold found substantial buying above the $1,660 level in during Europe and U.S. trading. The Russian/Chinese meetings and negotiation on energy and precious metals and other world events will end this weekend, so Monday is an important day to watch trading. At 11am PT Today, Gold is trading at $1,674 per ounce, up $6.50 from yesterday’s close.

SILVER

Silver also bounced back off its $18.76 low price during Asian trading last night. Silver firmed up in European and U.S. trading above the key $19 level and kept on going another $0.30 per ounce. At 11am PT today, Silver is up $0.12 per ounce, trading at $19.37 on excellent volume