Gold Rallies As The Ukraine War Continues

GOLD

Gold is staying strong in the face of 10-year Treasury rates reaching a three year high of 2.30%. Gold rallied today as the Ukraine war continues and news dominates the media. Gold reached a high of $1,938 per ounce this morning as fresh buying started on Asian markets. At 11am PT today, Gold is trading at $1,936 per ounce, up $3 on normal volume.

SILVER

Silver moved higher with Gold, firmly rallying above the key $25 per ounce support level. As crude oil moves back above $110 per barrel, inflationary concerns are driving fresh demand for Silver as an excellent hedge. Silver needs to move above $25.60 to regain its short-term bullish sentiment. At 11am PT today, Silver is up $0.18 per ounce, trading at $25.24 on average volume.