Gold Hits A New All-Time High Of $2,500

GOLD

The spot Gold price briefly reached a high of $2,500.70 per ounce this morning, before seeing some light short-term profit-taking. A series of economic reports this week solidified expectations of an interest rate cut by the Federal Reserve in September. Gold is sticking close to $2,500 an ounce, an all-time high.

At 11am PT today, Gold is trading at $2,455 per ounce, up $11 on average volume.

SILVER

Silver followed Gold higher this morning, reaching a high of $28.90 per ounce. With Gold at the $2,500 level, Silver is a steal under $30 per ounce.

At 11am PT today, Silver is up $0.48 per ounce, trading at $28.80 on good volume.