Gold gets strong bounce off $1300 level today, silver in tandem
Good day today. Gold up $14 at $1321 per ounce. Silver up 18¢ at $17.55 per ounce. Gold mounted a defense of the $1300 level in overseas trading that carried over to day time trading in the United States. (first chart below) Silver traded in concert with gold.
The metals also closed out a strong month coming out of the annual summer doldrums with a solid move to the upside (second chart below.) For the month of August, gold is up 4% (+$53.00) and silver is up 5% (+87¢).
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