U.S. Dollar Index And Interest Rates Near Recent Lows

GOLD

While the U.S. Dollar and Interest rates remain near their recent lows, Gold is trading in a narrow range between $1,770 and $1,780 per ounce this morning. I would expect to see Gold move higher since demand is continuing to pick up. At 11am PT today, Gold is trading at $1,780 per ounce, up $3 on normal volume.

SILVER

Silver is showing better price support than Gold, with it moving firmly above the key $26 level this morning. Silver reached a high of $26.30 per ounce in early European trading before seeing some light selling as the markets rolled into the U.S. At 11am PT today, Silver is up $0.10 per ounce, trading at $26.18 on average volume.