Gold & Silver Heading For Bullish Breakout

GOLD

Gold is up slightly on midday Tuesday trading due to more safe-haven demand. We await word from the Federal Reserve on cutting interest rates. Chairman Powell will be having a press conference tomorrow after the conclusion of his meeting on the Open Market Committee. At 11am PT today, Gold is trading at $2,036 per ounce, up $7.

SILVER

If Silver continues to show strength it could be the start of a sustained rally. Silver’s rally on Monday triggered a bullish breakout in its weekly chart. At 11am PT today, Silver is trading at $23.21 per ounce, down $0.04.