Higher Oil Prices Contribute To Inflation Concerns

Higher Oil Prices Contribute To Inflation Concerns

GOLD

Gold is trading in a very narrow $4 High/Low range, from $1,275 to $1,279 per ounce. Middle East tensions are leading to higher oil prices, which adds to the already increased inflationary concerns caused by higher tariffs in the near future. At 11am PT today, Gold is trading at $1,278, up $1 per ounce on normal volume.

SILVER

Silver reached a new 2019 low of $14.30 per ounce this morning, before buying came in and drove the price up $0.10 per ounce. At 11am PT today, Silver is up $0.05 per ounce, trading at $14.46 on average volume.

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