Gold Shows Excellent Price Support And Increasing Demand

GOLD

As equity and interest rates values continue to drop around the globe, Gold is showing excellent price support and increasing demand. While many of the world’s stock markets are down 20%, the Gold price is holding firm above the key $1,650 per ounce support level. At 11am PT today, Gold is trading at $1,658, down $15 on good volume.

SILVER

Silver continues to move above and below the key $17 level. In over-night trading in Asia and Europe, Silver did reach a low of $16.75, before finding increased demand. At 11am PT today, Silver is down $0.05 per ounce, trading at $16.94 on normal volume.