Gold back on track to $1,300 per ounce

GOLD

Gold is back on track to $1,300 per ounce after testing support at $1,250 and holding on good trading volume. Today, Gold firmly moved above $1,250 in Asian trading and stayed above in European and U.S. markets. At 11am PDT today, Gold is trading at $1,256 per ounce, up $6 on average Friday volume.

SILVER

Silver followed Gold’s lead, establishing a firm base above $16.50 on Thursday and moving higher today. Silver should work its way back towards the $17 per ounce level next week. At 11am PDT today, Silver is up $0.12 per ounce, trading at $16.66 on normal volume.