Gold Rally Back On Track

GOLD

After seeing some overdue profit-taking on Friday, the Gold rally is back on track. Over the weekend the COVID-19 pandemic hit 5 million cases in the U.S. That news combined with a lower U.S. Dollar Index fueled fresh buying in the Gold market, moving it back over $2,050 per ounce. At 11am PT today, Gold is trading at $2,032 per ounce, up $13 on good volume.

SILVER

Silver led Gold higher this morning, after bottoming out Friday and in Asian markets over the weekend. It appears that Silver is back on track to reach $30 per ounce very soon. Physical demand for popular Silver investment items is strong, with premiums remaining high and inventories low. At 11am PT today, Silver is up $1.05 per ounce, trading at $28.85 on excellent volume.