Gold & Silver Moving Higher On CPI Report

GOLD

The Consumer Price Index for December was released today and it showed slower growth than expected. The CPI was only up 2.9% and Gold rallied on that news, reaching a high of $2,697 before seeing short-term profit taking.

At 11am PT today, Gold is trading at $2,693 per ounce, up $25 on average volume.

SILVER

The Silver price moved higher today on the December CPI report, breaking above the $30 per ounce resistance level. Silver reached a high of $30.76 before seeing selling.

At 11am PT today, Silver is trading at $30.65 per ounce, up $0.80 on excellent volume.