Gold Back Over $4,600 & Silver Back Over $76

GOLD

Gold soared this morning on optimism of a possible peace deal between the U.S. and Iran.
The U.S. dollar (under $98) and oil prices dropped on this news.
Gold reached a high of $4,722 in early U.S. trading, after the Iran news was reported.
Staying in the $4,650 to $4,700 price range till the end of the week, would confirm a turn in the recent downtrend.
At 11am PT today, Gold is trading at $4,688 per ounce, up $130 on excellent volume.

SILVER

The Silver price exploded higher on the Iran news, reaching a high of $77.93 before seeing short-term profit-taking.
After last Wednesday’s low of $70.88, today’s rally is very significant and if Silver can stay above $75 by the end of the week would be very bullish.
At 11am PT today, Silver is up $4.01 per ounce, at $77.19 on excellent volume.