July's U.S. Manufacturing PMI Report Caused Gold To Go Higher

GOLD

The U.S. Dollar started to move higher in early European trading putting pressure on the Gold price. However, when the U.S. markets opened and the U.S. manufacturing PMI report for July showed the lowest reading since January, Gold moved higher as the dollar sold off. At 11am PT Today, Gold is trading unchanged at $1,818 per ounce.

SILVER

10-Year Treasury rates are trading at a 6-month low of 1.15% this morning, helping Silver stay above the $25.50 per ounce level. Demand for the many popular Silver investment products is remaining strong as we see fresh buying. At 11am PT today, Silver is trading unchanged at $25.50 per ounce.