Gold Confirms Itself As The Best Hedge Against Uncertainty

GOLD

Gold moved back over the key $1,800 level this morning on fresh buying. Gold continues moving to a new 9-year high as it confirms itself as the best hedge against uncertainty from both the coronavirus pandemic, and problems between the U.S. and China. At 11am PT today, Gold is trading at $1,809 per ounce, up $11 on excellent weekend volume.

SILVER

Silver tested its $19 per ounce support level this morning in Asian and again in Europe and held. Silver did see a low of $19.03 per ounce before rallying back to above $19.30 on fresh buying. At 11am PT today, Silver is up $0.18 per ounce, trading at $19.38 on good volume.