Inflationary Concerns & The Ongoing Ukraine War Is Helping Gold

GOLD

With interest rates topping around 2.40% for the 10-Year Treasury, Gold found support in overnight trading around the $1,920 level. Inflationary concerns and the ongoing war in Ukraine helped Gold demand in London trading. At 11am PT today, Gold is up $16 per ounce, trading at $1,940 on good volume.

SILVER

Silver showed excellent bargain buying when the price was under the key $25 level. As Gold moved higher today, Silver broke back above the $25 level and short-covering took the price to $25.25 before seeing some light selling. At 11am PT today, Silver is trading at $25.16 per ounce, up $0.25 on average volume.