Gold Reaches A New All-Time Record High Of $3,126 Ounces

GOLD

Last night in overseas trading, Gold moved through the $3,100 per ounce resistance level and kept on going. Gold set a new all-time high of $3,126 per ounce before seeing light profit taking. The Geopolitical problems, and two wars, and concerns about the April 2nd tariff announcements were the main stimulus.

At 11am PT today, Gold is trading at $3,118 per ounce, up $41 on excellent volume.

SILVER

Silver started moving higher with Gold, reaching a high of $34.52 before seeing heavy selling. Silver clearly isn’t ready to move higher with the Gold rally right now. Let’s give Silver a little time to consolidate recent gains above $33 per ounce and build a firm base for the next leg to $35 per ounce.

At 11am PT today, Silver is down $0.13 per ounce, trading at $33.90 on good volume.