Comex Gold / Silver slightly higher

Comex gold and silver are slightly higher but down from earlier levels.

A small dip occurred after an ECB rate hike, although it was nothing significant.

When there are rate increases, the perception is that central bank is fighting inflation.

Worries about rising inflation tend to support gold. Otherwise, the market is drawing support from global tensions and the charts, including recent higher closes, all of which help the momentum players.

April gold is up $1.10 to $654 an ounce but down from an electronic $656 high.
May silver is up 1.5 cents to $13.12 but down from an electronic high of $13.235.