Lower Unemployment Numbers Gives Strength To The Dollar

GOLD

A decrease of over 100,000 in US unemployment claims gave strength to the U.S. Dollar Index, almost reaching 93, another 2021 high. That news caused Gold to break below the $1,730 level, reaching a low of $1,725 per ounce. At 11am PT today, Gold is down $8 per ounce, trading at $1,727 on normal volume.

SILVER

After reaching a low of $24.38 per ounce, Silver rallied on heavy buying and now is trading above and below the key $25 level. A strong U.S. Dollar is putting pressure on the Silver price, but we are seeing lots of bargain buying coming from Asia, the Middle East, and Europe. At 11am PT today, Silver is trading at $25.05 per ounce, down $0.20 on average volume.