Gold & Silver Moving Higher On Excellent Demand
GOLD
As the U.S. Treasury aggressively buys more bonds, the U.S. dollar is weakening. This is helping the Gold price move higher.
Traders are still very concerned about the Fed raising interest rates next week, which is contributing to the Gold selling.
The Iranian war has gotten worse, and that is also putting pressure on the Gold price.
At 11 am PT today, Gold is trading at $4,415 per ounce, up $29 on good volume.
SILVER
Silver continues to find support above $66 per ounce and has reached a high today of $68.44 in U.S. trading.
Silver demand continues to be strong in the U.S., and I look for a move above $70 per ounce soon.
At 11 am PT today, Silver is up $1.54 per ounce, trading at $67.90 for the day.






