Gold & Silver Lower On Year-End Profit Taking

GOLD

Today's trading day is much like yesterday's. The U.S. Dollar Index is rising (over 107) and concerns about the PPI numbers are putting pressure on the Gold price. A few commodity analysts believe that the latest Producer Price Index will affect the Fed's decision to lower interest rates next week.
At 11am PT today, Gold is trading at $2,655 per ounce, down $30 on normal volume.

SILVER

Silver saw selling in Asia and Europe, driving the price below the key $31 per ounce resistance level. The $30 level is the long-term support level and key to Silver moving higher.
At 11am PT today, Silver is trading at $30.55 per ounce, down $0.55 on average volume.