Negative Trade Negotiation News Drives Precious Metals Rally

Negative Trade Negotiation News Drives Precious Metals Rally

GOLD

Gold tested the $1,480 support level early this morning and quickly rallied on news from the Wall Street Journal that the U.S. - China trade negotiation aren’t going well. Gold quickly rallied 1% on this news. At 11am PT today, Gold is trading at $1,492 per ounce, up $8 on excellent volume.

SILVER

Silver reached a low of $17.31 in early trading before the Wall Street Journal news. Silver quickly moved back over the $17.50 support level and reached a high of $17.62 before seeing light selling. At 11am PT today, Silver is down $0.05 per ounce, trading at $17.60 on good volume.

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