Metals Continue To Rally On Strong Demand

GOLD

Strong Gold demand in overnight trading in Asia and Europe drove up the price to $1,930 per ounce. Investors are expecting a pause in increases in the Fed funds interest rate later this week at the Federal Reserve meeting. At 11am PT today, Gold is up $7 per ounce, trading at $1,932 on good volume.

SILVER

Silver stayed firmly above the $23 resistance/support level this morning, reaching a high of $23.30 before seeing light profit-taking. Silver is actively trading today on strong demand. At 11am PT today, Silver is trading at $23.22, up $0.14 per ounce.