Metals Rally In Europe And Move Higher In The U.S.

GOLD

The Gold price sold-off during Asian trading again, dropping $14 to a low of $1,659 per ounce. As trading rolled out of Asia into Europe, buying increased and Gold quickly rallied $8 per ounce and kept on moving higher when it moved into the U.S. markets. European trading was light, because London markets were closed for the Queen’s funeral. At 11am PT today, Gold is trading at $1,671 per ounce, down $3 on light volume.

SILVER

Silver followed Gold lower during Asian trading, reaching a low of $19.21 per ounce. But, like Gold, Silver rallied back in later trading above the $19.30 level. At 11am PT today, Silver is unchanged from Friday, at $19.37 per ounce on average volume.