Stronger Dollar Causes Gold To Test Support Level

The U.S. Dollar Index moved back above the key 91 level this morning, causing Gold to test its $1,700 per ounce support level. Gold reached a low of $1,702 before finding bargain buying which drove the price up $20 per ounce. At 11am PT today, Gold is down $17 per ounce, trading at $1,720 on excellent volume.

SILVER

Silver sold off with Gold this morning, reaching a low of $25.80 per ounce. Demand is very heavy every time Silver breaks below the $26 price level. At 11am PT today, Silver is trading at $26.42 per ounce, down $0.45 on excellent volume.