The Gold Rally Continues

GOLD

Gold stayed above $1,800 all day, trading between $1,801 and $1,817 per ounce. This week’s Gold rally (back over $1,800) is the best we have seen since November. Gold needs to stay above the key $1,800 level next week to keep the bullish sentiment going. At 11am PT today, Gold is trading at $1,802.50 per ounce, up $6.50 on average volume.

SILVER

Silver is holding around the $22.50 level, up over $1 since the Wednesday low. Talk for more stimulus from major nations and a weaker U.S. Dollar is helping the Silver price firm up. At 11am PT today, Silver is trading unchanged at the $22.53 level.