Gold Breaks Below $2900 And Tests Key Support

GOLD

A combination of an increase in the U.S. Dollar based on Trump Tariffs and the U.S. pending home sales hitting an all-time low drove down the Gold price today. Gold broke below the key $2900 level and reached $2,865 before finding strong buying.

At 11am PT today, Gold is trading at $2,886 per ounce, down $29 on strong volume.

SILVER

Silver dropped with Gold on the same news and reached $31.19 before seeing bargain buying in London trading. Demand for physical Silver investment coins and bars is picking up in the Middle East and Europe.

At 11am PT today, Silver is trading at $31.50 per ounce, down $0.30 on excellent volume.