Daily Market Report 1/9/17

GOLD

A stronger U.S. Dollar may be a negative for Gold, but not in the face of this morning’s heavy physical demand in Asia. This morning Gold added to last week’s $22 increase with another $12, reaching a high of $1,184 per ounce. At 11am PST today, Gold is trading at $1,184 per ounce, up $11 on excellent volume.

SILVER

Silver followed Gold’s lead this morning, moving to a high of $16.67, up another $0.18 on good demand. At 11am PST today, Silver is up $0.18, trading at $16.68 per ounce on good volume.