Gold Drops After Ukraine & Russia Negotiation News

GOLD

The Gold price seriously dropped this morning during London trading on news of progress in the negotiation between Ukraine and Russia on a hold to the war. Gold briefly broke below the key $1,900 level and reached a low of $1,889 before seeing massive buying (possibly a Central bank), which quickly drove the price back above $1,900. As Gold trading moved into the U.S., demand continued and the price reached a high of $1,918 per ounce. At 11am PT today, Gold is trading at $1,920 per ounce, down $17 on excellent volume.

SILVER

The Silver price reacted with Gold and briefly broke the $24 level, reaching a low of $23.93, but didn’t stay there long. Demand picked up and the price rallied back to $24.80 in U.S. trading. At 11am PT today, Silver is down $0.28 per ounce, trading at $24.83 on heavy volume.