Interest Rates Continue To Fall & The U.S. Dollar Is Stable

GOLD

This morning, interest rates continue to move lower and the U.S. Dollar Index is stable, leading to a higher Gold price. Gold tested support around $1,770 in early trading and then moved back above $1,780 on fresh buying. At 11am PT today, Gold is trading at $1,887 per ounce, up $8 on average volume.

SILVER

Silver moved higher in late trading with Gold, reaching a high of $23.90 per ounce before seeing some light selling. Since Silver’s recent correction was more severe than Gold, I would like to see Silver move back above $24 this week. At 11am PT today, Silver is up $0.13 per ounce, trading at $23.85 on good volume.