Gold Is Building A Nice Base Awaiting Federal Reserve Policy Changes

GOLD

After yesterday’s $13 rally, Gold has traded in a tight $10 range between $1,770 and $1,780 per ounce. It appears Gold is building a nice base awaiting news on any Federal Reserve policy changes. At 11am PT today, Gold is up $1 per ounce, trading at $1780 on average volume.

SILVER

Silver is leading the precious metal rally as it approaches the key $23 per ounce resistance level. Silver has increased in value $0.60 in the past two days as we see strong demand. At 11am PT today, Silver is trading at $22.94 per ounce, up $0.28 on good volume.