Gold Experiencing Some Market Fatigue

GOLD

Gold Prices are weaker today as investors turn away from safe haven investments as the Israel-Hamas conflict continues without any major developments. Gold’s subdued reaction to the FOMC meeting following its $200 rally on safe haven investments suggests that the Gold market may be experiencing some fatigue, pushing Gold prices to consolidate.

At 11am PT today, Gold is trading at $1982 per ounce, down $11.

SILVER

Today, Silver seems to be following Gold as safe haven demand tapers off, though there is some optimism for the white metal in the long term as industrial demand is expected to rise. We may see Silver test the key $24 level again.

At 11am PT today, Silver is trading at $23.12 per ounce, down $0.11.