U.S. Dollar Index puts Pressure on Gold Price

GOLD

The U.S. Dollar Index continued its move higher this morning, reaching a high of over 108. That rally put pressure on the Gold price, reaching a low of $1,734 in European trading. Gold traded today in a narrow range between $1,734 and $1,744 per ounce. At 11am PT today, Gold is trading at $1,736 per ounce, down $8 on average volume.

SILVER

Silver followed Gold lower in early trading, reaching a low of $19.11 per ounce. Silver reached a high of $19.43 per ounce when Gold moved higher. At 11am PT today, silver is down $0.12 per ounce, trading at $19.20 on normal volume.