Gold Inching Towards The Key $2,000 Level

GOLD

Overnight, Gold prices jumped above $2000, but with solid buying have fallen back down under the key level. During the Fed press conference yesterday Chairman Powell announced they will not be changing interest rate due to the rising unemployment statistics.

At 11am PT today, Gold is trading at $1993 per ounce, up $8.

SILVER

While Gold prices were rising overnight, Silver took a hit and was trading below the $23 level. However, after the payroll reports from the Bureau of Labor Statistics were publicized Silver’s prices rallied above the key level.

At 11am PT today, Silver is trading at $23.23 per ounce, up $0.46.