Daily Market Report 1/5/17

GOLD

Gold rallied to a 4-week high today on a lower U.S. Dollar, some new market uncertainty resulting from the release of Wednesday’s Federal Reserve (FOMC) minutes, and the U.S. ADP national employment report showing an increase of 153,000 jobs which was a bit lower than expected. At 11am PST Gold is trading at $1,182, up $17.

SILVER

Silver continued to show strong support today, again holding well above the $16 level. At 11am PST Silver is trading at $16.66, up $0.12.

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