Gold Makes A New High Of $2,685 Before Seeing Profit-Taking
GOLD
Gold reached a new all-time high of $2,685.50 per ounce during London trading this morning, then saw bargain-taking. The Middle East war is helping to drive the Gold price higher as demand increases. Traders await Federal Reserve Chairman Jerome Powell’s address, coming later today, for comments on the movement of future interest rates.
At 11am PT today, Gold is up $10 per ounce, trading at $2,671 on average volume.
SILVER
Silver moved higher with Gold in London, reaching a high of $32.77 before seeing sizeable selling. Strong demand for many of the popular Silver investment coins and bars continues.
At 11am PT today, Silver is trading at $32.07 per ounce, up $0.27 on excellent volume.
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