Gold Moves Back Above $2,500 On Excellent Buying

GOLD

Gold has moved up, anticipating that tomorrow’s U.S. August Jobs report will be weak. Additionally, the U.S. Dollar Index has dropped (below 101) which helps the Gold price in terms of the U.S. Dollar. Gold reached a high of $2,524 in London before seeing light short-term profit taking.
At 11am PT today, Gold is trading at $2,513 per ounce, up $19 on excellent volume.

SILVER

Silver moved higher with Gold this morning, reaching a high of $29.24 before seeing some light selling. Physical demand for many of the popular Silver investment coins and bars is picking up in the Middle East and Europe, which should increase premiums.
At 11am PT today, Silver is up $28.78 per ounce, up $0.58 on strong volume.