Gold Reaches 2-Month High

GOLD

Gold reached $1,785 per ounce in this morning trading, a two-month high and is preparing to break the $1,800 level. A combination of lower interest rates and the U.S. Dollar index, with signs of inflation on the U.S. horizon is driving increasing Gold demand. At 11am PT today, Gold is trading at $1,778 per ounce, up $12 on excellent volume.

SILVER

Silver wants to stay above the key $26 level, reaching a high of $26.38 on excellent fresh demand. Premiums on many of the popular Silver investment coins is starting another round of increases. At 11am PT today, Silver is up $0.22 per ounce, trading at $26.10 on nice volume.