Gold Needs Strong Buying To Move Above The $2,850 Support Level

GOLD

The U.S. Dollar continues to move higher which is putting pressure on the Dollar priced Gold. Trump’s tariff talk is causing inflation concerns and is overshadowing safe-haven buying. This is the worst week for Gold this year, down over $100 from the 2025 high of $2,956 per ounce and hitting a low of $2,831.50 today.

At 11am PT today, Gold is trading at $2,946 per ounce, down $40 on strong volume.

SILVER

Silver has broken below the $31 per ounce level on the current weakness in the Gold price, reaching a low of $30.78 before seeing bargain buying.

At 11am PT today, Silver is trading at $31.01 per ounce, down $0.49 on excellent volume.