Gold Holds Above $1,500 Despite Positive Employment Report

GOLD

Today we are seeing very little volatility with gold as it holds above the $1500 range. The market supporting this level going into the weekend is a good sign, especially since the U.S. employment report just released the October Labor Department numbers. It shows an increase of non-farm payroll numbers, being up by 128,000 where the market was expecting around 75,000. At 11am Gold is $1510 down by $2 on strong volume.

SILVER

Silver too is looking to support a base over the $18 level and the day's trading has been a little more active then gold. At 11am Silver is $18.06 up by $0.01 on higher then average volume.