U.S. Dollar Index & Interest Rates Move Higher

GOLD

With the U.S. Dollar Index and interest rates moving higher this morning, Gold is locked in a tight trading range between $1,792 and $1,802 per ounce. We need to move back above the key $1,800 level soon. At 11am PT today, Gold is trading at $1,797 per ounce, down $5 on light volume.

SILVER

This morning Silver sold off a little with Gold, trading between $22.17 and $22.42. With Silver at the current level, we are seeing strong demand for many of the popular 2021 investment items and the pre-order 2022 items. At 11am PT today, Silver is down $0.11 per ounce, trading at $22.42 on average volume.