Gold Continues 2020 January Rally

Gold Continues 2020 January Rally

Gold

Gold has been trading today above and below the key $1,550 level, continuing to consolidate its 2020 January rally. I believe this base building is very healthy for both the short- and long-term picture for the Gold price. At 11am PT Today, Gold is trading at $1,550 per ounce, down $6 on normal volume.

Silver

Silver rallied above the $18 level yesterday, but couldn’t find the support to move higher. Silver reached the $17.85 level in early trading and bargain buyers appeared. At 11am PT today, Silver is down $0.08 per ounce, trading at $17.93 on average volume.

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