Gold Back On The Bullish Path And Moving Higher

GOLD

After volatile week Gold is ending the week on a bullish tone. Gold has rallied $50 over Wednesday’s lows on interest rate-cut optimism and haven demand, but is still headed for a weekly drop.

At 11am PT today, Gold is trading at $2431.00 per ounce, up $3.50 on light volume.

SILVER

After trading Wednesday at a low of $26.73, Silver has rallied $1 per ounce before seeing some light selling on the European market. Silver is still an extraordinary value at the current price level.

At 11am PT today, Silver is down $0.16 per ounce, trading at $27.50