Gold Stalls and Silver Drops on Strength of U.S. Dollar

GOLD

The U.S. Department of Commerce’s core Personal Consumption Expenditures showed an increase in December, at expectations, and a slight decrease in core inflation since November. In combination with the small jump in the U.S. Dollar, Gold prices have stalled. At 11am PT today, Gold is trading at $1,931 per ounce, up $1.

SILVER

Silver experienced another drop in prices on the strength of the U.S. Dollar. At 11am PT today, Silver is trading at $23.58 per ounce, down $0.32.