Gold and Silver Show Strength as Markets Open After the Long Weekend

5:40 AM

September 6, 2016 -- Gold and silver continue to show strength as markets open in the U.S. after the long Labor Day weekend. Last week's weak economic reports -- combined with new concerns of low and even negative interest rates -- may have put an end to the small precious metals correction that began in mid August.

The period between Labor Day and January is when precious metals prices rise the most, partly due to Asian gold buying. U.S. investors might take another look at the best performing asset class of the year and conclude that precious metals are poised to go even higher. On the other hand, retail investors who buy physical coins, bars, and rounds have been hesitant to add to their positions this summer... and some have cashed in some of their gains.

Dealers such as Money Metals Exchange report the retail market is currently well supplied with low premium products.

Live prices at show gold currently trading at $1,335.50 per ounce on the global market, and silver is coming in at $19.64.

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