Precious Metals Dip & Rally Against High U.S. Dollar Index
GOLD
A stronger U.S. Dollar index (hitting a new 2019 high), resulting from a weaker Euro and concerns about political uncertainty, has caused Gold to move lower. This morning, Gold moved below the key $1,500 support level, reaching a low of $1,486 per ounce. Buyers came rushing in during U.S. trading and took the price back above the key $1,500 level. At 11am PT today, Gold is trading at $1,503, down $5 on excellent volume.
SILVER
The Silver price reached a low of $17.25 per ounce this morning before rallying back. As the Gold price moved above the key $1,500 level, Silver rallied back above the $17.50 level. At 11am PT today, Silver is down $0.26 per ounce, trading at $17.57 on heavy volume.






