Gold Reaches The $1,800 Per Ounce Level

GOLD

After yesterday’s $32 increase in the price of Gold, the overseas markets showed good support for that increase. Gold briefly dropped to a low of $1,788 per ounce, but strong buying appeared and took the Gold price back above $1,790. In U.S. trading, the Gold price reached a high of $1,801 before seeing profit taking. At 11am PT today, Gold is trading at $1,801 per ounce, up $6 on good volume.

SILVER

Silver tested $23 in Asian markets and reached a low of $22.92, but as the trading rolled in Europe it jumped back above $23. Demand increased in Europe and the U.S. which caused Silver to reach a high of $23.60 before seeing light selling. At 11am PT today, Silver is up $0.34 per ounce, trading at $23.58 on excellent volume.