Gold Makes A New High Of $2,655 – Silver Moves Above $32

GOLD

In overnight Asian trading, the Chinese central bank announced some unprecedented economic stimulus changes. These changes will put over 10 trillion Yuan into the economy. This news combined with the increased activity in the Middle East War drove the Gold price to $2,640 per ounce on the London opening. By the time London closed and U.S. trading started, Gold continued to move higher. Today, Gold has reached a new all-time high of $2,655 before seeing some light trader profit-taking.
At 11am PT today, Gold is trading at $2,653, up $24 per ounce on excellent volume.

SILVER

With the Chinese central bank announcing the new stimulus regulations, Silver demand and pricing increased sharply. Silver reached a high of $32.26, up $1.41 from yesterday’s close, before seeing any selling.
At 11am PT today, Silver is up $1.23 per ounce, trading at $32.08 on extraordinarily high volume.