GOLD & SILVER TRADING ABOVE KEY SUPPORT LEVELS

GOLD

Gold traded in a narrow range this morning in Asia and Europe. Coming into the U.S., the Gold price is at $2,338 per ounce, up $16 from Friday's NY Close.
There are three important economic measures due to release this week that will be closely watched by investors – U.S. manufacturing data from the Institute of Supply Management, due to come out Monday at 9 am CDT, Wednesday’s ADP employment report, and the critical U.S. monthly jobs report for May, due to be released Friday.
At 11am PT today, Gold is trading at $2349 per ounce, up $22 from Friday.

SILVER

Silver briefly broke below the $30 per ounce support level in European trading, reaching $29.75 before finding bargain buyers. Staying above that $30 level this week is very important for both the short-term and long-term prices.
At 11am PT today, Silver is at $30.63 per ounce, up $0.29 from Friday.