Gold Slightly Falls as ADP Job Numbers Released

GOLD

Gold tested its $1,700 level this morning on held, and quickly rallied $10 per ounce, It’s important for this short-term that Gold hold above $1,700. The ADP job numbers for September were released today and it was higher than expected. 288,000 jobs versus the forecast of 200,000 jobs and Gold original reacted negatively. At 11am PT today, Gold is trading at $1,713 per ounce, down $9 on average volume.

SILVER

The Silver price followed gold lower in Asian markets, breaking below the $21 and $20 support level. Silver reached a low of $19.90 before seeing sizeable buying. At 11am PT today, Silver is trading at $20.60 per ounce, down $0.45 on excellent volume.