Gold & Silver Heading For A Bullish Outcome

GOLD

Gold has been given support to attract a bullish momentum thanks to the Labor Market’s rise in volatility. Gold prices are trading at a session high this morning. Inflation came in at 1.5% below what the consensus expected, giving Gold the bullish push it needs. At 11am PT today, Gold is trading at $2,017 per ounce, down $1.

SILVER

Silver rallied during trading session on Wednesday. Prices show resilience, and despite a high U.S. Dollar and Treasury yield, we expect to see Silver with a bullish outcome in the upcoming sessions. At 11am PT today, Silver is trading at $22.89 per ounce, up $0.05.