daily silver prices

Gold traded today between $1,320 and $1,330 waiting for news that would give it short-term direction . . . .

Financial markets are still reacting to the effects that the trade war would cause . . . .

On renewed global concerns over a possible trade war, there was excellent demand for precious metals in Asia, the Middle East and Europe this morning . . . .

Gold continues its Friday rally, reaching a high of $1,328 in Asian and European trading . . . .

The question of the day is, would a trade war based on protectionism be bullish for Gold? . . . .

Federal Reserve Chairman Powell is back in Congress today, talking and taking questions with Senators about the economy and Fed policies . . . .

Our new Federal Reserve Chairman, Jerome Powell, has been testifying to the U.S. House of Representatives this morning . . . .

Early this morning, initial buying in China took the Gold price to a high of $1,341 per ounce . . . .

A stronger U.S. Dollar and U.S. interest rates moving higher are keeping Gold at current levels . . . .

I attribute much of this week’s decline in the Gold price to the Chinese New Year celebration as most Chinese businesses are closed the entire week . . . .