Daily Market Report 7/13/16

GOLD

The recent Gold sell-off ended last night after reaching a low of $1,327.50 per ounce in Asian trading. Gold has moved up $15 from earlier lows on fresh bargain buying today. Demand for physical Gold products, precious metal equities, and Gold futures contracts remains strong. At 11am PDT today, Gold is trading at $1,343 per ounce, up $6 on good volume.

SILVER

Silver refuses to stay below $20 per ounce. Silver reached $19.88 in light Asian trading before bargain buyers appeared. That buying drove the price of Silver to $20.50 before sellers took short term profits. At 11am PDT today, Silver is trading at $20.35 per ounce, up $0.24 on excellent volume.