Gold Builds Firm Base For The Next Move To $1,800

GOLD

Gold tested the $1,750 per ounce support level again last night in Asian trading and held. Gold has traded between $1,748 to $1,762 per ounce today, as it continues to build a firm base for the next move to $1,800. At 11am PT today, Gold is trading at $1765 per ounce, down $3 on average volume.

SILVER

Silver dropped down to $22.35 per ounce in early trading, as Gold sold off. Demand for popular Silver investment items remain strong with the Silver price at the current low level. At 11am PT today, Silver is trading at $22.73 per ounce, up $0.04 on good volume.