Gold & Silver Surge Higher On Treasury Buyback

GOLD

Gold jumped after the U.S. Treasury announcement that it was doubling the size of some debt buyback operations, which knocked down bond yields and the dollar ahead of the release of the Federal Reserve’s July meeting minutes.
Gold reached a high of $4,500, the highest it's been in over 2 months.

At 11 am PT Today, Gold is trading at $4,490 per ounce, up $132 on excellent trading volume.

SILVER

Silver reached a low of $62.42 during trading in India early this morning.
Then the rally started in the U.S. after the Treasury’s announcement.
Silver has reached a high of $66.19 during early trading in the U.S.

At 11 am PT today, Silver is up $1.62 per ounce, at $65.70 on strong volume.