Iran War And CPI Report Drive Gold/Silver Lower

GOLD

A combination of missiles flying in and out of Iran and today’s CPI report showing that our inflation rates have increased to 4.2%, caused a sell-off in the Gold price. In overseas and U.S. trading, the Gold price reached a low of $4,100 per ounce, down an incredible $166 per ounce.

At 11am PT today, Gold is trading at $4,110 per ounce, down $156 on high volume.

SILVER

The Silver price dropped with Gold, reaching a low of $63.27 before finding bargain buying.

At 11am PT today, Silver is trading at $64.60 per ounce, down $0.70 on excellent volume.