U.S. Dollar Rally Break Causes Gold To Rally

GOLD

A break in the recent rally of the U.S. Dollar (below 96) and a good increase in November for U.S. jobs helped Gold rally off the recent lows. Gold is still trading below the key $1,800 level, in the $1,780 to $1,790 area. At 11am PT today, Gold is up $6 per ounce, trading at $1,786 on average volume.

SILVER

Silver is the only precious metal to decline today, with strong concerns about Federal Reserve tightening interest rates sooner than originally expected. Many of the world’s largest mints are beginning to distribute their 2022 coins. Check our website early next week for more details. At 11am PT today, Silver is trading at $22.49 per ounce, down $0.48 on normal volume.