Gold & Silver Sell-Off on Negative Iranian War News

GOLD

While Trump threatens to destroy Iranian boats laying mines in the Strait of Hormuz, and the Iranian say they are receiving revenue from ships passing through the Straits, Gold is moving lower.

China's Gold imports reached 162 tons in March, marking a two-year high.

China’s central bank has increased its Gold holdings for 17 consecutive months, raising its reported total reserves to 2,313 tons.

Gold has traded today between $4,664 and $4,753 per ounce based on the updated Iranian war news.

At 11am PT today, Gold is trading at $4,713 per ounce, down $28 on heavy volume.

SILVER

The Iranian war news is causing high volatility in the Silver markets around the world.

Silver has traded today between $74.12 and $78.48 per ounce.

At 11am PT today, Silver is $75.89 per ounce, down $2.06 on heavy volume.