Wars And Trade Problems Push Gold & Silver Higher

GOLD

The report of a massive Ukrainian drone strike inside Russia targeting four airbases and destroying more than 40 Russian aircraft and bombers is driving up gold demand. This will cause Russian retaliation, killing any serious ceasefire talks. Plus, a weaker Dollar (Under 98) due to problems with trade and tariff talks with China is also helping drive the Gold Price higher. Gold rallied $60 in early Asian trading reaching a high of $3,350 and kept on moving higher in London and U.S. trading.

At 11am PT, the Gold price is up $52 per ounce, trading at $3,374 on excellent volume.

SILVER

Silver kept moving higher with Gold this morning, reaching a high of $34.65 before seeing some light profit taking.

At 11am PT today, Silver is trading at $34.55, up $1.22 on excellent volume.