Gold Back On Bullish Track

GOLD

Gold appears to be back on the bullish track, rallying back over $1,880 per ounce. After reaching a low of $1,859 in early trading yesterday, demand has increased, which stopped the decline and started a rally. One excellent bullish sign for Gold is the U.S. Dollar Index is remaining over 94, as European countries are doing a COVID-19 lockdown and Gold moves higher. At 11 am PT today, Gold is up $12.50 per ounce, trading at $1,880.50 on excellent volume.

SILVER

Silver spent most of today trading above and just below the key $23.50 level. Increased demand for the popular U.S. Silver investment products is beginning to drive up premiums, as European mints shutdown. At 11am PT today, Silver is trading at $23.51 per ounce, up $0.18 on normal volume.