Gold Is Best Safe Haven Asset With Worries About Coronavirus

GOLD

Increased concerns about the Coronavirus has taken down the Dow by 500 points and lowered interest rates and the U.S. Dollar. Gold and Silver are showing increased demand as the best safe haven asset during this time of worry over the Coronavirus. At 11am PT today, Gold is up $2 per ounce, trading at $1,588 on above average volume.

SILVER

Silver continues its fight to stay over the important $18 per ounce resistance/support level. The strength of the Gold price is giving Silver some support. At 11am PT today, Silver is trading at $18.05 per ounce, up $0.07 on nice volume.