Gold Trading Slows For Summer

GOLD

Gold and Silver prices are down moderately, with the metals experiencing quieter summer trading. We’re seeing Gold consolidate above $3,300 per ounce, which will be healthy for Gold and help to build a base for the next leg higher. Ongoing geopolitical unrest and uncertainty are supporting Gold as both consumers and central banks continue to turn to the yellow metal for safe haven investments.

At 11 am PT today, Gold is trading at $3,306, down $24 from Monday.

SILVER

Silver has also seen some consolidation, but needs to keep above this week’s low of $36.15 to continue its climb to the $37.50 resistance level and beyond. If Silver can remain above that $36.15 low there’s a chance we could see a breakout in the precious metal’s price in the months to come.

At 11 am PT today, Silver is trading at $36.66, down just $0.03.