Gold Up $100 Last Week As Israel Attacks Iran

GOLD

Today, the Gold price has traded overseas and in the U.S. between $3,380 and $3,452 per ounce. Gold is moving higher at a healthy rate, breaking above $3,400 on the Israel/Iran news and showing excellent price support after light profit-taking. I believe Gold will trade in the narrow range between $3,400 and $3,450, building good support and will breakout to $3,500 by month end.

At 11am PT today, Gold is trading at $3,393 per ounce, down $35 on average volume.

SILVER

Silver is holding above $36 per ounce, not seeing heavy selling when Gold reached its lows today. Silver traded today between $36.01 and $36.58 per ounce, as continues to build a firm base above the $36 per ounce support level.

At 11am PT today, Silver is up $0.05 per ounce, trading at $36.35 on normal volume.