Sharp Moves In The U.S. Dollar & Interest Rates Today

GOLD

A sharp move higher this morning for both the U.S. Dollar and interest rates put precious metals on the defensive. Gold briefly broke below the key $1,800 level, reaching a low of $1,798 before moving back above $1,800 on heavy volume. At 11am PT today, Gold is trading at $1,805 per ounce, down $12 on excellent volume.

SILVER

Silver followed Gold lower, breaking below the key $23 per ounce level and reaching $22.65 before seeing bargain buying. Strong demand for popular Silver investment coins is causing premiums to remain high. At 11am PT today, Silver is down $0.13 per ounce, trading at $22.99 on strong volume.