Interest Rates Move To Record Highs

GOLD

This morning, as interest rates move to record highs (10-Year Treasury at 1.8%), and the equity markets move lower, Gold is holding its own. For the most part of today’s trading, Gold is trading in a $10 High/Low range from $1,790 to $1,800 per ounce. At 11am PT today, Gold is trading at $1,804 per ounce, up $4 on strong volume.

SILVER

Higher interest rates are also putting pressure on the Silver markets, but strong demand from bargain buying is helping to provide price support. Silver is trading in a range from $22.22 to $22.50 per ounce. At 11am PT today, Silver is up $0.08 per ounce, trading at $22.55 on good volume.