Gold Set Record Highs In Month Of March

GOLD

Today, Commerce Department reported that February’s personal consumption expenditure index has increased 0.3%, compared to January’s increase of 0.5%. This news is bullish for Gold, and it traded today from $1,967 to $1,989 today, as it continues to build a firm base for the next leg above $2.000.

Gold ended the month of March up over $150 per ounce today, trading around $1,970 per ounce. Commodity trading exchange demand has been near record highs, and physical Gold demand is off the charts. At 11am PT today, Gold is trading at $1,970, down $13 on good volume.

SILVER

Silver continues to be the leader in the precious metal index, breaking above the key $24 level this morning and reaching a high of $24.25, before seeing week-end profit taking. At 11am PT, today, Silver is up $0.11 per ounce, trading $24 on excellent volume.