Gold & Silver Lower as Iranian Peace Talks Fail

GOLD

Today, as Gold trading rolled into the U.K and U.S., the U.S. naval blockade of the oil ports and ships in Iran started.

The value of the U.S. Dollar sold off in late trading, reaching $98.55.

The Gold price stayed above the $4,700 level in active trading for most of today.

If Gold can stay above the $4,700 during this time, it would be bullish for the short and long-term.

At 11am PT today, Gold is trading at $4,733 per ounce, down $30 for the day.

SILVER

After Silver broke down to the $72.20 in early trading in China.

The price of Silver rallied above the $74 per ounce in London and in the U.S.

Silver has reached a high today of $75.85 before seeing some light selling.

At 11am PT today, Silver is down $0.90 per ounce, at $75.30 on excellent volume.