Gold And Silver Test Support After Trade Talk Agreement

GOLD

This morning the U.S. Dollar rallied 2.5% to 101.94 on the U.S./China trade news, while Gold tested the key $3,200 support level. Most of the details on the trade/tariff agreement between the U.S. and China have not been worked out, but traders have optimism and the market is reacting to it. Right now, Gold has rallied $35 off the support level.

SILVER

Silver tested the key $32 per ounce support level, reaching a low of $31.86 before quickly bouncing back. Silver has moved back above the $32.50 level has we see bargain buyers come back.