Gold Bullish Demand Grows Stronger

GOLD

The Gold markets are down a little today after yesterday, which is fine, especially since trading started the week at $1821 an ounce. Demand is doing very well and traders are most likely closing out their positions going into the weekend. Overall, the bullish demand is getting stronger since Gold almost hit $1850 yesterday. At 11am PT today, Gold is trading at $1836, down by $9 on good volume.

SILVER

We’re seeing Silver down a little as well, but it’s great seeing the metal holding well above $24 an ounce given Silver was just $23 on Monday. Silver is trading at $24.43 per ounce, down $0.29 on a little below average volume.