Optimism For Progress On U.S. Stimulus Talks

GOLD

Gold moved higher this morning based on a low U.S. Dollar Index and optimism for progress on U.S. stimulus talks this week between Treasury Secretary Mnuchin and Nancy Pelosi. After reaching a low of $1,886 in early Asian trading this morning, Gold rallied to a high of $1,919 before seeing light profit taking. At 11 am PT today, Gold is trading at $1,914 per ounce, up $12 on excellent volume.

SILVER

Silver rallied with Gold this morning on Asian and European markets. After reaching a low of $23.63, Silver moved up $1 per ounce, breaking the $24 per ounce resistance level on good volume. At 11 am PT today, Silver is up $0.48 per ounce, trading at $24.36 on good volume.