Gold Moves $7 As The U.S. Dollar And Interest Rates Fall

GOLD

This morning the U.S. Dollar and interest rates moved lower, which caused Gold to reach a high of $1,765 before seeing short-term profit taking. In overnight trading, Gold tested the $1,750 level and held on excellent trading volume. At 11am PT today, Gold is up $7, trading at $1,763 on good volume.

SILVER

On Wednesday, the Silver correction was much worse than Gold. In the past two days, Silver has rallied over $1.00 as demand increases. With demand stronger, premiums on many of the popular Silver investment products are moving higher. At 11am PT today, Silver is trading at $22.66 per ounce, up $0.51 on excellent volume.