Daily Market Report 3/1/17

GOLD

A Fed Governor giving a strong indication that the Federal Reserve would raise interest rates this month, combined with President Trump’s positive speech last night, caused Gold/Silver to decline. Gold hit a low of $1,237 last night before bargain buyers became aggressive, driving the price back up to $1,250 per ounce. At 11am PST today, Gold is trading at $1,250.20 per ounce, down $2 on excellent volume.

SILVER

Silver followed Gold lower, falling to $18.20 per ounce before aggressive buying appeared. Silver actually reached $18.50 per ounce, before seeing some light short-term profit taking. At 11am PST today, Silver is up $0.04 per ounce, trading at $18.44 on strong volume.