Gold Reaches $1,835 After Chairman Powell's Announcement

GOLD

Gold reached a high of $1,835 in overnight Asian trading, on news from Fed Chairman Powell. Powell said that inflation within the U.S. is running higher than expected. Gold continues to see increased physical demand and trading volume above the key $1,820 level. At 11am PT Today, Gold is trading at $1,829 per ounce, up $6 on good volume.

SILVER

Silver is showing strong support above the important $26.20 level, as physical supplies start to increase. Silver continues to be on the $30 per ounce track by the end of the year. At 11am PT today, Silver is up $0.11 per ounce, trading at $26.31 on excellent volume.