Market Analysts Feel Strongly On More COVID-19 Stimulus

GOLD

The U.S. dollar sold off this morning based on the fact that many market analysts feel strongly that the Federal Reserve will provide more COVID-19 stimulus on Wednesday when they meet. Gold rallied $15 on excellent fresh buying in early trading on the way to a high of $1,964 per ounce. At 11am PT today, Gold is up $14 per ounce, trading at $1,954 on excellent volume.

SILVER

Silver moved higher with Gold, breaking back above the key $27 per ounce resistance level. Silver did reach a high of $27.40 before seeing some light short-term profit taking. At 11am PT today, Silver is trading at $27.20 per ounce, up $0.50 on good volume.