Gold Sees Profit Taking And Moves Below $2,700

GOLD

A stronger U.S. Dollar combined with a disappointing Produce Price Index (PPI) has lowered the Gold price to below $2,700 per ounce. After a $78 increase in the Gold price from Monday to Wednesday, some profit taking is expected.
At 11am PT today, Gold is down $29 per ounce, trading at $2,685 on heavy volume.

SILVER

Silver dropped with the Gold price, reaching a low of $30.78 before seeing bargain buying, which drove the price back over the $31 level.
At 11am PT today, Silver is down $0.70, trading at $31.10 per ounce on heavy volume.