Gold Shows Excellent Price Support As An Excellent Safe-Haven Investment

GOLD

Concerns about a second COVID-19 European lockdown coming has caused an increase in the value of the U.S. Dollar Index. That increase with the lack of any progress in Congressional stimulus negotiations has put pressure on our equity markets. Surprisingly, Gold has shown excellent price support as an excellent safe-haven investment. At 11 am PT today, Gold is trading at $1,902 per ounce, down $2 on average volume.

SILVER

Silver tested the $24 per ounce support level in Asian trading this morning and held. Demand for physical investment products is strong and premiums are still excellent. At 11 am PT today, silver is down $0.27 per ounce, trading at $24.32 on normal volume.