Many Nations Try To Devalue Their Currency

Many Nations Try To Devalue Their Currency

GOLD

As many nations try to devalue their currency, to help in a potential trade war, the U.S. Dollar continues to increase in value.
Surprisingly, Gold and Silver prices are holding up in the face of a strong U.S. Dollar. Gold sold off in early Asian trading this morning, reaching at low of $1,413 before seeing serious buyers appear.
At 11am PT today, Gold is down $8 per ounce, trading at $1,420 on normal volume.

SILVER

Silver was hammered this morning, reaching a low of $16.72 before bargain buyers appeared. Silver is showing a lot more volatility than Gold with a 2.50% high/low trading range today.
At 11am PT today, Silver is down $0.20 per ounce, trading at $17 on heavy volume.

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