Gold Remains Strong Despite Continued Support For The U.S. Dollar
Dropping interest rates in Europe and Asia continue to provide support for the U.S. Dollar. Surprisingly, the Gold price remains strong in the face of the U.S. Dollar index trading over 96. At 11am PT today, Gold is trading at $1,315, up $3 per ounce on average volume.
Silver showed good demand today in Asian and Middle Eastern markets. Silver needs to establish a $15.60 to $15.90 trading range to build the base for its next attempt at the $16 resistance level. At 11am PT Today, Silver is up $0.07 per ounce, trading at $15.80 on normal volume.