Precious Metals Markets Reacting To Positive Trade Tariff News

GOLD

The Gold markets are reacting to the positive Chinese tariff news from Argentina and quickly increased $12 per ounce (1%), trading at $1,234. The DJIA is up over 200 points, and interest rates and the U.S. Dollar Index are lower. At 11am PT Today, Gold is trading at $1,232, up $11 on excellent volume.

SILVER

On the same news from Argentina, Silver quickly moved above the key $14.50 per ounce resistance level, then settled back to trade in the $14.40 to $14.48 range. $14.50 is an important level for Silver to trade and stay above. At 11am PT today, Silver is up $0.24 per ounce, trading at $14.41 on good volume.