Gold's Future Going into the Long Weekend

Gold's Future Going into the Long Weekend

Daily Market Report - 06/17/22

GOLD

Gold reached a high of $1,854 late last night in Asian trading before seeing an increase in the value of the U.S. Dollar. As we move into this long Holiday weekend, I expect to see light trading volume in the precious metal markets. At 11am PT today, Gold is trading at $1,838 per ounce, down $12 on average volume.

SILVER

Silver also rallied in late Asian trading, reaching a high of $22.01 before seeing light selling. Silver has found renewed price support above the key $21.50 per ounce level. At 11am PT today, Silver is down $0.30 per ounce, trading at $21.65 on normal volume.

Copyright © 2023 MINTSTATEGOLD.COM. All rights reserved.