Gold Increasing In Popularity Worldwide

Gold Increasing In Popularity Worldwide

GOLD

The Federal Reserve lowering interest rates is a definite catalyst for both the stock market and precious metals. With the U.S. Dollar moving lower, Gold has seen an increase in popularity worldwide. At 11am PT today, Gold is trading at $1,326 per ounce, up $1 on good volume.

SILVER

Silver is moving higher with Gold, seeing a high of $14.92 per ounce this morning. Based on recent history I would expect to see short-selling as Silver approaches the important $15 resistance level. At 11am PT today, Silver is up $0.02 per ounce, trading at $14.79 on good volume.

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