U.S. Dollar & Interest Rates Continue To Pressure Gold

GOLD

Both the U.S. Dollar and Interest rates continue to move higher, which is putting pressure on the Gold price. Today, Gold traded between $1,717 and $1,734 per ounce, as it tries to establish a new trading range. At 11am PT today, Gold is trading at $1,732 per ounce, up $2 on excellent volume.

SILVER

Silver has traded in a tight range today, between $23.23 and $23.56 per ounce. Demand for many popular Silver physical investment products has increased due to the low spot price. We are also seeing lower premiums on these items, which is also increasing demand. At 11am PT today, Silver is down $0.03 per ounce, trading at $23.41 on good volume.