Gold is stabilized in a tight trading range<br />Daily Market Report 6/16/17

GOLD

After this week’s $17 price correction, the Gold price is stabilized in a tight $6 high/low trading range today. A weaker U.S. Dollar and a lower 10-year Treasury interest rate is helping support the important $1,250 per ounce level. At 11am Gold is trading at $1,254 per ounce, unchanged from yesterday.

SILVER

Silver declined $0.52 per ounce this week and today it appears to have found support above the key $16.50 per ounce level. We are seeing an increase physical demand for the popular Silver investment items. At 11am Silver is down $0.08 per ounce, trading at $16.72 on average volume.