Gold Traders Wait For U.S. Inflation News

GOLD

Gold is trading in a tight range between $1,888 and $1,900 today, as traders wait for the U.S. data on inflation, news, and any central bank economic statements from Europe. Interest rates and the U.S. Dollar Index have been quiet with little value changes. At 11am PT today, Gold is unchanged at $1,892 per ounce on average volume.

SILVER

Silver has shown a little more life than Gold, briefly breaking above the key $28 per ounce resistance level. Physical demand for the popular Silver investment items remains strong. At 11am PT today, Silver is trading at $27.88 per ounce, up $0.24 on good volume.