Gold & Silver Consolidating And Building A Firm Base

GOLD

Gold traded today between $4,050 and $4,108 in overseas and the U.S. markets. Gold traders are waiting for economic data that has been backlogged by Federal agencies. There continues to be concerns that the Federal Reserve may leave interest rates unchanged next month.

At 11am PT today, Gold is trading at $4,064 per ounce, down $20 on average volume.

SILVER

Last night and this morning, Silver stayed above the key $50 per ounce level, while trading between $50.25 and $51.35 per ounce. Staying above the key $50 level is important.

At 11am PT today, Silver is trading at $50.60 per ounce, down $0.20 on normal volume