Lower Interest Rates Putting Pressure On Bitcoin & Helping Gold

GOLD

With the U.S. Dollar and interest rates staying low and pressure being put on Bitcoin, the Gold price is behaving well. Gold is building a nice base above the key $1,880 per ounce level as it prepares to make a move to the $1,900 level. At 11am PT today, Gold is trading at $1,883 per ounce, up $5 on average volume.

SILVER

Silver is showing better price support than Gold this morning, building a firm base above the $27.50 level. Silver did reach a high today of $27.99 before seeing some short-term profit taking that caused it to drop $0.10 per ounce. At 11am PT today, Silver is up $0.27 per ounce, trading at $27.77 on normal volume.