Gold & Silver Test Support Levels & Rally Back

GOLD

Gold moved back over $4,600, reaching a high of $4,643, during trading in China and India.
Gold saw selling in London, dropping back below the key $4.600 level.
Gold reached a low of $4,565 in the U.S. before fresh buying drove the price back above $4,600 per ounce.
A key factor today in Gold trading was that it clearly benefited from a very aggressive international de-dollarization trade.

At 11 am PT today, Gold is trading at $4,607 per ounce.

SILVER

Silver traded above $69 per ounce in China and India, and as Gold dropped in early morning trading in London to $67.52 per ounce.
Silver found strong demand during U.S. trading, driving the value to a high of $69.75.

At 11 am PT today, Silver is trading at $69.41 per ounce.