Precious Metals Expected to Rally As Interest Rates Increases Slow

GOLD

As we continue to see a softening U.S. dollar, precious metals are rallying. Slower interest rates hikes are expected from the Federal Reserve in the next upcoming months. Gold is expected to continue to rally as the U.S. dollar is expected to weaken more. At 11am PT today, Gold is trading at $1,927 per ounce, down $2.

SILVER

Silver rallied last week after more evidence of a slowing economy. Silver is anticipated to follow Gold through the weakening dollar and slowing economy. At 11am PT today, Silver is trading at $23.34 per ounce, down $0.61.