Gold Still Holding The Bulk Of This Week's Rally

GOLD

A small tick up in interest rates and the U.S. Dollar Index caused Gold to reach a low of $1,730 in early morning trading. Gold rallied back to above $1,740 on bargain buying and is holding the bulk of this week’s rally. At 11am PT today, Gold is trading at $1,745 per ounce, down $11 on normal Friday trading volume.

SILVER

Silver briefly broke down below the key $25 level, when Gold sold off this morning, but showed good demand. It appears that $25 has excellent support, and if Gold can hold or rally higher, Silver should be on the way to $26 by month end. At 11am PT today, silver is trading at $25.28 per ounce, down $0.23 on average volume.