Gold Briefly Drops Below $1800 Before Bouncing Back

GOLD

A strong U.S. Dollar and higher interest rates caused Gold to briefly break down below the important $1,800 in overnight trading. Then Gold found strong demand and moved to a high of $1,808 per ounce. At 11am PDT today, Gold is trading at $1,806 per ounce, down $2 on average volume.

SILVER

Silver also briefly broke down below the key $26 level and came back on strong buying. Silver reached a high of $26.38 per ounce before seeing light selling. At 11am PT today, Silver is up $0.04 per ounce, trading at $26.20 on normal volume.