GOLD REACHES A NEW ALL-TIME HIGH OF $3,004

GOLD

Gold breached the psychological resistance level of $3,000 overnight. Gold reached an all-time record high of $3,004 in Middle eastern trading then saw profit taking in Europe and the U.S. This was Gold's first attempt to break above $3,000 and there will be more very soon.

This Gold rally is being fueled by ongoing concerns about geopolitical and economic risk, including those created by U.S. President Donald Trump’s tariffs and trade policy, firings, and unrest in Ukraine.

At 11am PT today, Gold is trading at $2,988 per ounce, up $8 on average volume.

SILVER

Silver reached a high of $34.18 when Gold was trading at its high. Silver is starting to build a firm base above $33.50 per ounce, giving it a good foundation for a move towards $35 as Gold continues to move higher.

At 11am PT today, Silver is up $0.10 per ounce at $33.77 on normal volume.