Gold Hits All-Time Highs And Sees Profit-Taking

GOLD

During Federal Reserve Chairman Powell's press conference yesterday he made the following bullish statements:
The inflation goals are moving into better balance
Long term inflation expectations appear to remain well anchored
The Federal Reserve signals it is still on track to lower interest rates three times this year
Gold reacted to those statements, reaching a high of $2,220 per ounce in after-market trading.
As we moved into European and U.S. trading Gold saw profit-taking and the price reached a low of $2,165.

At 11am PT today, Gold is trading at $2,180 per ounce, up $23 from yesterday at this time, on extraordinarily high volume.

SILVER

Silver followed Gold higher after the Federal Reserve news and reached a high of $25.78 before seeing selling.
This morning, Silver dropped below the important $25 per ounce level, reaching a low of $24.59 before seeing bargain buying.

At 11am PT today, Silver is trading at $24.94 per ounce, up $0.02 on average volume.