April gold (GCJ3) this morning is up +30.8 (+1.58%), and May silver (SIK23) is up +0.289 (+1.27%). Precious metals prices this morning are moderately higher. Dollar weakness is bullish for metals after the dollar index fell to a 6-week low today. Also, speculation the Fed was close to ending its rate-hike cycle is bullish for metals. In addition, the recent banking turmoil has sparked fund buying of gold as gold holdings in exchange-traded funds (ETFs) rose to a 5-week high Wednesday.
https://www.barchart.com/story/news/15344961/stocks-rebound-as-bank-stocks-stabilize
gold, page-118044
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