U.S. Dollar Index and 10-Year U.S. Treasury Bills Puts Pressure on Precious Metals

GOLD

The U.S. Dollar Index and 10-Year U.S. Treasury bills continue to increase, which puts pressure on precious metals. Gold earlier today rallied to $1,642 before seeing selling as many commodity traders right now are selling precious metals on rallies. At 11am PT today, Gold is up $5 per ounce, trading at $1,630 on average volume.

SILVER

Silver has traded in a narrow range today from $18.30 to $18.76 per ounce. At 11am PT today, Silver is unchanged trading at $18.42 per ounce on normal volume.