Gold: {chart} Gold pulled back from historic highs as U.S. dollar gained ground after the release of the better-than-expected ISM Manufacturing PMI report. It should be noted that demand for gold stays strong despite rising Treasury yields, which is a bullish sign. In case gold manages to settle above the recent highs, it will move towards the $2300 level. On the support side, a move below the $2200 level may trigger a wave of profit-taking. Silver: {chart} Silver is mosly flat as gold/silver ratio settled near the 89.50 level. High gold/silver ratio remains a significant bearish catalyst for silver. From the ... (full story)