Gold Continues Consolidation Above Key Support Level

GOLD

With the U.S. Dollar Index inching closer to 97, Gold is trading in a tight $8 range. Gold continues its consolidation above the key $1,300 support level. At 11am PT today, Gold is trading at $1,311 per ounce, up $2 on average volume.

SILVER

Silver continues to trade between $15.60 and $15.80 as it builds a base, before the next attempt at the important $16 per ounce resistance level. At 11am PT today, Silver is up $0.02 per ounce, trading at $15.70 on normal volume.

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