The Road Back To $4,000 Per Ounce For Gold

GOLD

In overnight trading, the Gold price reached a high of $4,020 briefly during London trading. This London rally was helped by a drop in the value of the U.S. Dollar, now back under 100. For most of today’s trading, Gold moved above and below the key $4,000 per ounce level.

At 11am PT today, Gold is trading at $3,987.60, up $14.65.

SILVER

Silver spent all day trading above and below the $48 per ounce level. Silver reached a low of $47.68 and a high of $48.84 in active trading. If Gold can stay above $4,000, it’s a good bet that Silver will start moving towards $50 per ounce.

At 11am PT today, Silver is trading at $48.19, up $0.17.