Weaker U.S. Dollar Supports Gold Prices

GOLD

A weaker U.S. Dollar has given support to the price of Gold today. Gold has traded in a very narrow $6 high/low range, between $1,240 and $1,246 per ounce, while it continues to build a new base. At 11am PDT today, Gold is trading at $1,245 per ounce, up $1 on average volume.

SILVER

Silver reacted to a weaker Dollar and inflation on the horizon by jumping 1% in early trading. Silver reached a high of $14.80 per ounce before seeing short-term profit taking. At 11am PT today, Silver is up $0.18 per ounce, trading at $14.73 on excellent volume.