Gold is showing excellent price support<br />Daily Market Report 5/8/17

GOLD

The Gold market is showing excellent price support above $1,226 per ounce, after last week’s decline. Neither Le Pen’s loss in the French Election nor the stronger dollar and higher Ten Year Treasury yields seem to have had a negative impact on the price of Gold this morning. At 11am PDT today, Gold is trading at $1,227 per ounce, down $1 on active volume.

SILVER

Silver has shown good support above $16.23 per ounce this morning. A quick rally back above $16.50 per ounce would be helpful for trader sentiment. At 11am PDT today, Silver is down $0.02 per ounce, trading at $16.27 on active volume.