Gold Price Still Strong Regardless Of Weakness In World's Equity Markets

GOLD

Regardless of the weakness in the world’s equity markets, the Russian announcement about stopping Gold purchase, and the strong U.S. Dollar, the Gold price is still strong. Investors are focusing on what is going to happen to the Gold price after the Trillions of Dollars, Yen, Yuan, and Euros will influence the inflation rates later this year. At 11am PT today, Gold is up $6 per ounce, trading at $1,632 on excellent volume.

SILVER

Silver is finding support at the $14.50 per ounce level. Demand for popular physical Silver investment product continues to grow and premiums remain high. At 11am PT today, Silver is at $14.50 per ounce, down $0.04 on normal volume.