Gold & Silver Rally On Iranian War Ceasefire

GOLD

Gold reached a high of $4,855 last night in overseas trading after the U.S., Israel, and Iran agreed on a 2-week ceasefire in the war. The U.S. Dollar and Oil prices dropped on the hope that the Strait of Hormuz will be open for oil shipping quickly.

At 11am PT today, Gold is trading at $4,740 per ounce, up $63 on active bidding.

SILVER

Silver quickly jumped $4 per ounce on the ceasefire news, but couldn’t hold the price as trading rolled into London and the U.S. Silver reached a high of $77.77 last night before seeing short-term profit-taking.

At 11am PT today, Silver is up $3.10, trading at $75.20 on excellent volume.