Gold Sets A New All-Time Record High

GOLD

Great day for Gold owners, with Gold reaching a high all-time high of $2,466 per ounce. One of the major issues driving the Gold price higher is the high probability of a cut in U.S. interest rates by September. Federal Reserve chairman Jerome Powell has been giving strong indications that we will soon see the Fed dropping the Funds rate.
At 11am PT today, Gold is trading at $2,464 per ounce, up $42 for the day on heavy volume.

SILVER

Silver followed Gold higher in European trading after reaching a low of $30.43 on Asian markets. Silver reached a high of $31.44 earlier today before seeing some light short-term profit-taking.
At 11am PT today silver is up $0.65 per ounce, trading at $31.35 on excellent volume.