Daily Market Report 2/2/17

GOLD

Late yesterday the U.S. Federal Reserve gave a report with no clear signal for the direction of interest rates in the near future. This report caused the U.S. Dollar to reach a 12-week low and Gold to rally in Asian, Middle Eastern and European markets, reaching $1,225 per ounce. Gold is now trading at a new 2017 high. At 11am PST today, Gold is up $11 per ounce, trading at $1,216 on excellent volume.

SILVER

As Gold moved higher this morning, so did Silver, reaching a new 2017 high of $17.75 per ounce. At that point, there was some short-term profit taking, sending the price down to $17.42 per ounce. At 11am PST today, Silver is trading at $17.48 per ounce, up $0.03 per ounce on active volume.