Gold Rallies On Possible Stimulus Deal And Sell Of Of U.S. Dollar Index

GOLD

Talk of a possible deal on a stimulus package later today and a selloff in the U.S. Dollar Index (93.04) is helping Gold rally higher. Gold reached a high of $1,914 per ounce as it awaits some confirmation of progress on a COVID-19 aid legislation. At 11 am PT today, Gold is trading at $1,912 per ounce, up $5 on good volume.

SILVER

Silver rallied with Gold and move towards the key $25.00 per ounce level in early trading. A firm confirmed close above $25 would be highly bullish for the Silver price. At 11 am PT today, Silver is up $0.38 per ounce, trading at $24.89 on good volume.