Gold & Silver Hitting New Highs, Gold Above $3,600

GOLD

Over the weekend, many financial analysts and large worldwide Banks have confirmed that the Federal Reserve will start lowering interest rates at their upcoming meeting this month. Any reduction in interest rates should continue to drive the price of precious metals higher.

At 11am PT today, Gold is up $40 from Friday, trading at $3,633 today.

SILVER

During overseas trading earlier today, Silver reached a high of $41.10 per ounce, before seeing selling. It appears Silver is going to trade around the $41 mark until it consolidates its recent gain from $36.70 in the past month.

At 11am PT today, Silver is trading at $41.26, up $0.27 from Friday.