Gold In A Tight Trading Range Due To Producer Price Index

GOLD

A small increase in today’s reported Producer Price Index to 0.7% for August kept Gold locked in a tight trading range below $1,790 and $1,800 per ounce. At 11am PT today, Gold is trading at $1,793 per ounce, down $7 on average volume.

SILVER

Silver continues to trade above and below the key $24 price level. Demand for popular physical investment items is picking up as premiums are moving lower. At 11am Pt today, Silver is down $0.24 per ounce, trading at $23.96 on normal volume.