Gold And Silver Sharply Lower and Near their Recent Lows, Pressured By Surging US Dollar

December 17, 2015

San Francisco (Dec 17)  Gold and silver futures have sold off sharply in late-morning trading Thursday. Both markets are hovering not far above their recent contract and multi-year lows. A surging U.S. dollar index that hit a three-week high today is pressuring most of the raw commodity sector, including the precious metals. February gold was last down $25.80 an ounce at $1,051.00. March silver was down $0.558 at $13.69.

Source: KitcoNews

Silver Phoenix Twitter                 Silver Phoenix on Facebook