Gold Trades Above & Below Key $1,750 Level

GOLD

Gold has traded above and below the key $1,750 per ounce support level all day. Demand remains strong as new investors are seeing the current Gold price as a great opportunity. This demand is happening in the face of higher interest rates and a stronger U.S. Dollar value. At 11am PT today, Gold is trading at $1,752 per ounce, down $1 on strong volume.

SILVER

Silver tested the key $23 per ounce level in early morning trading and held. I’m seeing a lot of new buying for many of the popular physical Silver investment products right now. At 11am PT today, Silver is down $0.40 per ounce, trading at $23.20 on good volume.