Gold Rallies On Bargain Buying As U.S. Markets Open

GOLD

Over the long holiday weekend, the Gold price reached a low of $1,905 on a rally in the U.S. Dollar Index. Gold quickly rallied back above $1,920 on bargain buying as the U.S. market opened. At 11 am PT Today, Gold is trading at $1,937 per ounce, up $10 on good volume.

SILVER

As the Gold price dropped, Silver got hammered, breaking below the key $26 support level and reaching a low of $25.77 per ounce. Then, Silver started to rally with Gold and quickly moved back above the key $26 level. At 11am PT today, Silver is up $0.12 per ounce, trading at $26.77 on average volume.