Traders Adjust To Higher Gold Levels & Weaker U.S. Dollar Index

GOLD

Gold has traded between $1,297 and $1,304 per ounce today on excellent volume. Most of today’s trading was above the important $1,300 price level, as we are seeing traders look at a weaker U.S. Dollar Index and adjusting to the higher Gold levels. At 11am PT today, Gold is trading at $1,303 per ounce, up $6 on excellent volume.

SILVER

After last Friday’s rally Silver is finding support above the $15.50 per ounce level this morning. That support has helped drive up the Silver price to a high of $15.79 in early trading. At 11am PT today, Silver is up $0.13 per ounce, trading at $15.74 on good volume.

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