Gold & Silver Fall Below Support Levels

GOLD

A report that China Gold imports dropped substantially in February, because of the trade war, drove the U.S. Dollar higher. This caused the Gold price to drop below the $1,300 support level in Europe. Stop loss selling took the Gold price down to $1,288 in New York before serious buying jumped in. At 11am PT today, Gold is trading at $1,293 per ounce, down $18 on excellent volume.

SILVER

Silver fell with Gold, reaching a low of $14.93 on heavy volume. Silver is currently trading above and below the key $15 support/resistance level. At 11am PT today, Silver is down $0.27 per ounce, at $15.01 on heavy volume.