U.S. Dollar Index Increases On Coronavirus Variant

GOLD

The U.S. Dollar Index continues to increase on the coronavirus variant news in Europe. It appears that Gold will be trading in range between $1,850 and $1,900 for a while, while it consolidates recent gains. At 11 am PT today, Gold has dropped $18, trading at $1,862 on heavy trading volume.

SILVER

Silver is showing support above the key $25 per ounce level as it sold off earlier this morning with Gold. $25 is a key level for the Silver price and should hold. At 11 am PT today, Silver is down $1.00, trading at $25.20 on heavy volume.