Gold Showed Support In Face Of Strong Economic News

GOLD

This morning Gold showed excellent support above the key $1,450 level in the face of strong economic news.
It was released today that weekly jobless claims dropped 15,000, and 3rd quarter GDP increased to 2.1% from the expected 1.9%.
This news, plus Trump saying late yesterday that we are moving closer to a trade deal with China has put pressure on the Gold price.
At 11am PT today, Gold is trading at $1,454 per ounce, down $8 on average volume.

SILVER

Silver reached a low of $16.87 before rallying back above the key $17 level.
Silver spent most of today trading above and below the $17 level.
At 11am PT today, Silver is down $0.12 per ounce, trading at $16.98 on light volume.