New Fed Plan To Support U.S. States, Counties, And Cities

New Fed Plan To Support U.S. States, Counties, And Cities

GOLD

This morning the Federal Reserve announced another $2.3 trillion stimulus/lending plan to support U.S. states, counties, and cities ravaged by the COVID-19 pandemic. This action caused the equity markets and Gold to quickly move higher. Gold crossed the important $1,700 resistance level and is looking strong. At 11am PT today, Gold is up $41 per ounce, trading at $1,701 on excellent volume.

SILVER

Silver rallied with Gold this morning, moving back above the key $15.50 level. Demand remains strong for popular Silver investment items. At 11am Today, Silver is trading at $15.57 per ounce, up $0.49 on good volume.

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