Gold Sets New All-Time Record High Over $2,500

GOLD

In Monday’s overnight trading, Gold stayed between $2,494 and $2,511 in Asian and European markets. A weaker U.S. Dollar Index is helping keep the Gold price above $2,500 per ounce. This morning was the first test of the key $2,500 level and there may be others. The key to the current rally is staying above that level.

At 11am PT today, Gold is trading at $2,503 per ounce, up $5 from Friday.

SILVER

In the face of a $2,500 Gold price, many investors are looking to Silver as a less expensive alternative. Demand for physical Silver is picking up in Asia and the Middle east. The Silver price stayed above $29 and hit a high of $29.52 before seeing some light selling.

At 11am PT Today, Silver is up $0.48 per ounce, trading at $29.28 on excellent volume.