Gold & Silver Continue To Build A Strong Base

GOLD

Gold reached $2,334 this morning in U.S. trading as U.S. Treasury yields slipped and investors await further direction on monetary policy from key inflation data due at the end of the week. While Gold did reach a low of $2,315 in Asian trading, it quickly bounced back when trading reached Europe.
At 11am PT today, gold is trading at $2,332 per ounce, up $14 on average volume.

SILVER

Silver reached a high of $29.78 in early European trading, but couldn’t hold the rally by the end of the trading session. We did not see strong demand this morning and when the markets moved into the U.S., Silver quickly sold-off, causing the price to be unchanged from Friday.
At 11am PT today, silver is trading at $29.53 per ounce, unchanged from Friday on light volume.