U.S. Dollar Index Keeping Pressure On Gold

GOLD

This morning’s move above 92 in the U.S. Dollar Index is keeping pressure on the Gold price. Gold has been trading between $1,773 and $1,783 per ounce. Traders are showing concerns about the U.S. Federal Reserve and other central banks on policy tightening and the scaling back of pandemic stimulus efforts. At 11am PT today, Gold is trading at $1,780 per ounce, up $2 on average volume.

SILVER

Silver has traded today between $26 and $26.30 per ounce this morning, which is bullish after the recent market decline. The $26 level has been a key support level in the past couple weeks. At 11am PT today, Silver is up $0.12 per ounce, trading at $26.13 on normal volume.