Gold Showing Major Support Over $4,000 oz Level

GOLD

Gold stayed above the key $4,000 level last night in overseas trading and in the U.S.
With the Iranian war raging on with hundreds of attacks last night and Trump restarting
the Iranian port blockade, Gold is showing excellent price support.
Since most of the Gold demand is in London and the U.S., I would think the buying is from Central banks,
but that needs to be confirmed in August when Central bank buying is reported.
At 11am PT today, Gold is trading at $4,045 per ounce, down $18 for the day.

SILVER

Silver reached a low of $56.50 during early U.S. trading, but quickly rallied $1.00 as the Gold market strengthened.
The Silver price held above $58 last night in oversea markets.
At 11am PT today, Silver is down $1.10 per ounce, at $57.70 per ounce.