Gold & Silver Drop As Iran Threatens To Widen War

GOLD

Gold fell over a hundred dollars today as Iran threatened to widen the war if the U.S. didn’t release billions of dollars being held. This, combined with a surprise jump in May U.S. Jobs data, resulted in Gold dropping.

At 11am PT today, Gold is down $100, trading at $4,338 on heavy volume.

SILVER

Silver fell below $70 per ounce in the morning as Gold reached a low of $4,323 per ounce. Silver needs to move back above $70 by next week to stay long-term bullish.

At 11am PT today, Silver is trading at $69.30 per ounce, down $4.05 on heavy volume.