Heavy Demand For Gold In Overnight Asian Markets

GOLD

There was heavy demand for Gold in the Asian commodity markets overnight, taking the Gold price up to $1,731 per ounce. As the market rolled into Europe and the U.S., we saw some light selling dropping the price by $10. Some weakness in the Dollar Index gave Gold some support around $1,720 per ounce. At 11am PT today, Gold is up $6 per ounce, trading at $1,717 on average volume.

SILVER

Silver rallied with Gold in Asia, briefly moving the price over $19 per ounce. Silver is showing Gold demand and support above the $18.75 level. At 11am PT today, Silver is trading at $18.84, up $0.30 for the day on good volume.