Gold & Silver Prices Affected By The Strong Dollar

GOLD

Gold prices are down in midday trading Thursday. China’s consumer price index fell and it has affected investors around the world. U.S. labor markets have stayed unchanged from last week, putting pressure on the Gold market. At 11am PT today, Gold is trading at $2035 per ounce, down $3.

SILVER

Silver prices have dropped due to Treasury yields and a strong dollar. But the Washington Silver Institute has it on good grounds that Silver will have a “fantastic year.” At 11am PT today, Silver is trading at $22.70 per ounce, up $0.35.