Gold Considered Safest Haven In Face Of Trade Talk Concerns

GOLD

No progress on U.S. – China trade talks, and the concerns around problems that will be caused by increased tariffs have driven equity markets lower today. Many traders feel that Gold is the safest place for cash right now, which drove up the price by $12 per ounce in early trading. At 11am PT today, Gold is up $11 per ounce, trading at $1,286 on strong volume.

SILVER

Silver followed Gold higher this morning, moving $0.20 per ounce higher in early trading. Going into a holiday weekend may not give Silver the support needed to hold today’s rally. At 11am PT today, Silver is trading at $14.64 per ounce, up $0.18 on excellent volume.