Daily Market Report 1/23/17

GOLD

The 2017 Gold rally continues as we see a weaker U.S. Dollar trading at a six-week low. Strong Asian and Middle-Eastern demand took Gold to $1,219 per ounce in early trading. At 11am PST today, Gold is trading at $1,215 per ounce, up $10 on excellent volume.

SILVER

This morning Silver followed Gold’s lead, moving to a high of $17.28 per ounce in Asian markets. I look for a little consolidation above $17 this week after the recent rally. At 11am PST today, Silver is up $0.18 per ounce, trading at $17.20 on good volume.