U.S. Dollar Index Pushing Gold Price Further Down

GOLD

After bouncing off the recent lows on Monday, Gold is trying to build a base between $1,830 and $1,840 per ounce today with average trading volume. A stronger U.S. Dollar Index, trading above 105 isn’t helping the Gold price. At 11am PT today, Gold is trading at $1,834 per ounce, down $4 on normal volume.

SILVER

Silver had a difficult time staying above the key $21 level this morning, and sold down to $20.68 before finding bargain buying. At 11am PT today, Silver is down $0.15 per ounce, trading at $20.88 on average volume.