Gold Reaches New All-Time High Of $3,431 Per Ounce

GOLD

Gold continued moving higher in Asian, Indian, and Middle Eastern markets last night, easily moving above the $3,350, $3,360, and $3,370 levels, reaching a high of $3,384 before seeing active two-way trading. Around 11pm PT, or 7am London time, the Gold market got very active. By the time (10:30am GMT) when London sets the first fix, Gold had moved to $3,400 per ounce. During afternoon trading in London and moving to U.S. trading, Gold reached its high of $3,431 per ounce.

At 11am PT today, Gold is trading at $3,420 per ounce, up $100 since Thursday on excellent volume.

SILVER

Silver reached a high of $33.18 in London, but couldn’t hold the important $33 level in U.S. trading and fell back to $32.80 on average volume.

At 11am PT today, Silver is up $0.20 per ounce, at $32.70 on excellent volume.