U.S. Retail Sales Increased in January Above Expectations

GOLD

Retail sales in January increased to 3%, exceeding the expected 1.9%. Gold prices dropped below $1,850 afterwards as the U.S. Dollar gained more strength. At 11am PT today, Gold is trading at $1,835 per ounce, down $17.

SILVER

Silver prices moved closer to $21.50 on the strength of the U.S. Dollar. At 11am PT today, Silver is trading at $21.63 per ounce, down $0.19.