Gold & Silver Prices Hit By Higher U.S. Dollars And Rates

GOLD

A strong U.S. Dollar Index (over 108) and higher interest rate yields on the U.S. Treasury put pressure on the Gold price. Gold sold off this morning, reaching a low of $2,610 before finding bargain buyers.
At 11am PT today, Gold is down $14 per ounce, trading at $2,619 on light volume.

SILVER

Silver reached a high of $29.94 in Asian trading before reacting to the Gold sell-off in European trading. The trading volume was very light because of the upcoming New Year’s holiday.
At 11am PT today, Silver is trading at $29.42 per ounce, down $0.28 on light volume.