Gold & Silver Rally after Loss in Asian Markets

GOLD

Gold reached a low of $2,009 in early Asian trading last night, then quickly rallied back to $2,020 on strong buying. As we rounded into U.S. trading a disappointing jobs report, showing a weaker U.S. economy kept the Gold price strong. At 11am PT today, Gold is trading at $2,020 per ounce, unchanged on excellent volume.

SILVER

Silver saw short-term profit taking in Asian and European markets, breaking down to $24.60 before rallying aback with Gold on the jobs report. At 11am PT today, Silver is down $0.08 per ounce, trading at $24.87 on strong volume.