Lowest U.S. Dollar Index Level In A Month Drives Gold Price

GOLD

The U.S. Dollar Index broke below the 97 level (lowest value in a month). A weaker Dollar is very bullish for the short-term future of the Gold price. This morning Gold opened lower on indications of positive news on the upcoming Brexit vote. At 11am PT today, Gold is trading at $1,486 per ounce, down $6 on average volume.

SILVER

In the face of an unchanged to low Gold price, Silver first tested support at $17.50 then rallied this morning. Silver reached a high of $17.77 per ounce before seeing some short-term profit taking. At 11am PT today, Silver is unchanged, trading at $17.57 on normal volume.