Gold Rallies Despite Higher Interest Rates

GOLD

In the face of higher interest rates and U.S. Dollar Index, the Gold price found buyers this morning. The Gold price rallied $14 off the lows of $1,920 on an excellent volume. At 11am PT today, Gold is trading at $1,935 per ounce, up $15 on good volume.

SILVER

Silver also found support this morning and moved above the key $24.50 level. Building a base above the $24.50 level would be very healthy for the Silver price right now. At 11am PT Today, Silver is trading at $24.62, up $0.22 on excellent volume.