U.S. Mint Closing Down Due To COVID-19

U.S. Mint Closing Down Due To COVID-19

GOLD
In early Asian trading this morning the Chinese central bank cut their interest rates and injected $7.1 billion into their markets. Gold traded today between $1,614 and $1,650 as investors around the globe took new positions to protect their assets in the future. At 11am PT today, spot Gold is up $9 per ounce, trading at $1,644 on excellent volume.

SILVER
This morning, Silver hit a high of $14.70, followed by reaching a low of $13.90. At the low we saw bargain buying, taking it back above the $14 level. The U.S. Mint just announced that due to the coronavirus they are closing down, this will worsen the current shortages and premiums. At 11am PT today, spot Silver is trading at $14.08, down $0.43 per ounce on excellent volume.

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