Gold Reaches A High Of $3,400 Today

GOLD

A weaker U.S. Dollar (under 98), a low Producer Price Index for May, and a higher U.S. jobless claims report have pushed Gold to $3,400 today. Gold traded today between $3,339 and $3,400, as it works its way back to an all-time high.

At 11am PT today, Gold is trading at $3,383 per ounce, up $45 on excellent volume.

SILVER

Silver traded between $35.46 and $36.51 per ounce today. At today’s low, Silver found a sizeable amount of buyers and quickly moved back above $36 oz. Silver continues to build a firm base above the key $36 per ounce level.

At 11am PT today, Silver is up $0.10 per ounce, trading at $36.25 on excellent volume.