U.S. Dollar Continues to Climb to a 20 Year High

GOLD

The U.S. Dollar Index broke above 107 today, a 20-Year high. A strong dollar puts pressure on the precious metal prices, valued in U.S. Dollars. Gold reached a low of $1,732 this morning, a new 2022 low. Demand from Central banks is giving Gold support at current values. At 11am PT today, Gold is trading at $1,737 per ounce, down $30 on strong volume.

SILVER

This morning Silver tested support at the $19 per ounce, reaching a low of $18.95, but quickly rallied back above $19 on heavy demand. At 11am PT today, Silver is up $0.02 per ounce, trading at $19.19 on heavy volume