Daily Market Report 6/13/16

GOLD

During Asian trading this morning, Gold hit a high of $1,287 per ounce. Today’s precious metal rally was caused by a weaker U.S. Dollar and weaker European stock markets.These weaknesses are based on concerns over a central bank meeting this week and the June 23 vote on whether Britain should leave the European Union. At 11am PDT today, Gold is trading at $1,281 per ounce, up $9 on good volume.

SILVER

Silver hit a high of $17.50 per ounce today, as it began its move to the $18 per ounce resistance level. At 11am PDT today, Silver is up $0.10 per ounce, trading at $17.40 on average volume.