Gold And Silver Testing Support Levels Again

Gold And Silver Testing Support Levels Again

GOLD

Gold moved down as the dollar and treasuries gained ground in early Monday trading. Investors awaited the next key economic report, (consumer price index), on Thursday for signals on what the Federal Reserve will do next. At 11am PT today, Gold is trading at $1,937 per ounce, down $5 from Friday.

SILVER

Silver followed Gold lower in this morning trading, reaching a low of $23.04, as it tested the key $23 per ounce support level. A stronger U.S. Dollar Index and 10-Year U.S. Treasuries are putting pressure on precious metal prices. At 11am PT today, Silver is down $0.44 per ounce, trading at $23.20 on average volume.

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