Markets Reacting to Incoming Inflation Reports
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GOLD
All the Financial markets are reacting to concerns over the coming batch of inflation rates reports from the world’s leading economic countries as well as the U.S. Equity prices Bitcoin and precious metals all have moved lower today. Gold reached a low of $1,802 this morning before seeing bargain buying that took the price up $10 per ounce. At 11am PT today, Gold is down $9 per ounce, trading at $1,809 on light volume.
SILVER
Silver reached a low of $20.20 this morning before seeing a strong rally higher. We are seeing a slowing in physical demand for many of the popular Silver bullion coins and bars. That slowdown in demand could be because of the summer months or an indicator of future demand. At 11am PT today, Silver is trading at $20.40 per ounce, down $0.40 on normal volume.