U.S. Home Sales Drive Up U.S. Dollar Index And 10-Year Treasuries

GOLD

Reports of strong U.S. Home Sales in January drove up the U.S. Dollar Index and 10-Year Treasuries to 1.42% today. This news caused Gold to selloff, reaching a low of $1,782 per ounce before seeing bargain buying. At 11am PT today, Gold is trading at $1,801, down $3 on active volume.

SILVER

Silver initially sold off with Gold, but found strong buying at the $27.30 level. Silver continues to show stronger demand and price support then Gold, as the Silver-to-Gold ratio moves below 65-to-1. At 11am PT today, Silver is up $0.41, trading at $27.97 per ounce on good volume.