Trade War Escalation Drives Dollar Down & Metals Up

GOLD

The concerns about an escalation in the trade war with China is driving Interest rates and the U.S. Dollar index lower, so Gold continues to move higher. Gold reached a high of $1,475 before seeing some profit taking. At 11am PT today, Gold is trading at $1,472 per ounce, up $6 on excellent volume.

SILVER

Silver briefly moved up $16.50 per ounce in early trading, before seeing selling. Silver is finding support in the $16.40 - $16.45 range. At 11am PT today, Silver is trading at $16.43 per ounce, down $0.02 on average volume.