Gold & Silver Continues To Test Lows As It Builds A Firm Base

GOLD

After Friday’s close of precious metal trading, the U.S. and other nations bombed middle east targets and surprisingly the overseas markets opened down $8 per ounce. Gold dropped $20 this morning after Federal Reserve Chairman Jerome Powell remarked on Sunday that the central bank will move at a slower pace than the market expects to cut interest rates. At 11am PT today, Gold is trading at $2,029 per ounce, down $12.

SILVER

This morning Silver dropped with the Gold price, down $0.45 per ounce, reaching $22.20. At 11am PT today, Silver is trading at $22.48 per ounce, down $0.32.