U.S. Dollar Record Highs Keep Gold Price Down

U.S. Dollar Record Highs Keep Gold Price Down

GOLD

It’s somewhat frustrating to watch the Gold price trading. I'm seeing massive accumulation of physical Gold (most likely central banks), while record highs in value of the U.S. Dollar is keeping the price in a very tight trading range. At 11am PT today, Gold is trading at $1,274.50 per ounce, down $3.50 on average volume.

SILVER

After reaching a new 2019 low of $14.27 per ounce, Silver found support and quickly moved back above the $14.40 per ounce level on excellent volume. At 11am PT today, Silver is down $0.02 per ounce, trading at $14.44 on good volume.

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