Gold Rallies On Unemployment Rate and Dollar Index

GOLD

Today, it was reported that the U.S. unemployment rate dropped to 6.3% which caused the U.S. Dollar Index to fall. This news caused Gold to quickly rally above the key $1,800 per ounce resistance and support levels. At 11 am PT today, Gold is up $20 per ounce, trading at $1,813 per ounce on good volume.

SILVER

Silver quickly rallied with Gold, moving back above the key $27 per ounce level. Premiums on most of the popular Silver investment items remain high due to the lack of product coming from mints and in the secondary markets. At 11 am PT today, Silver is trading at $26.94 per ounce, up $0.64 on excellent volume.