Gold & Silver Fall Below Key Support Levels

GOLD

Gold and Silver Prices are down today following a bounce in the U.S. Dollar Index as well as a sell-off in crude oil prices that is putting pressure on the whole of the raw commodity sector. Disappointing U.S. Jobs data from the U.S. Bureau of Labor Statistics has also impacted the Gold and Silver Market this week. Investors are awaiting the release of the May employment situation report from the U.S. Labor Department due Friday as well as the European Central Bank meeting taking place this Thursday.

At 11am PT today, Gold is trading at $2327 per ounce, down $22.

SILVER

Silver has moved lower with Gold today, breaking below the key $30 level under pressure from the drop in Oil Prices and US Jobs data.

At 11am PT today, Silver is trading at $29.55 per ounce, down $1.08.