Gold & Silver Moving Higher On A Weak U.S. Dollar

Gold

A weaker U.S. Dollar, down almost 15% this year (under 97 – a 3-year low), is driving the price of Gold higher, in U.S. dollars.
Gold experienced heavy demand in Asia, the Middle East, and Europe last night, moving up $35 per ounce.
The rally continued as we moved into U.S. trading, reaching a high of $3,358 before seeing some short-term profit-taking.

At 11 am PT today, Gold is trading at $3,340 per ounce, up $46 on excellent volume.

Silver

Silver traded today between $35.73 and $36.68 as it builds a firm base of the key $36 per ounce level.
Physical demand for many of the popular Silver investment coins and bars remains strong, surprisingly in the summer months.

At 11 am PT today, Silver is up $0.20 per ounce, at $36.18 on excellent volume.