Shutdowns & Sell-Offs Put Pressure On Gold Price

GOLD

Gold wasn’t able to hold the key $1,500 per ounce support level this morning. A strong U.S. Dollar (over 101), ongoing Coronavirus shutdowns and dramatic sell-offs in the world’s equity market is putting pressure on the price of Gold. At 11am PT Today, Gold is trading at $1,490 per ounce, down $46 per ounce on excellent volume.

SILVER

As Gold crashed below $1,500, Silver dropped below $12 per ounce. Premium on popular Silver investment items have gone ballistic with limited fresh supplies available. Who wants to sell at these levels?? At 11am PT today, Silver is down $0.83 per ounce, trading at $11.88 on excellent volume

Coronavirus website with updated data: https://www.worldometers.info/coronavirus/country/us/