Holiday Spending Helps Gold Rally From European Markets

GOLD

Gold unsuccessfully tried to rally above $1,750 in European trading this morning, briefly reaching a high of $1,750.80 per ounce. Gold spent most of today’s light (pre-holiday) in the U.S. trading between $1,737 and $1,745 per ounce. At 11am PT today, Gold is trading at $1,739, up $1 on light trading volume.

SILVER

The Silver price is showing more demand than Gold, moving above the $21 level in early trading. Silver reached a high of $21.45 on fresh buying during European trading. At 11am PT today, Silver is up $0.23 per ounce, trading at $21.06 on light volume.