Daily Market Report 7/20/16

GOLD

A strong U.S. Dollar and positive U.S. economic housing news drove the spot Gold price down to $1,313 per ounce this morning. Once Gold broke below the recent $1,330 support level, trading volume picked up and fresh bargain buyers appeared. At 11am PDT today, Gold is trading at $1,319 per ounce, down $13 on active volume.

SILVER

Silver declined with Gold this morning, reaching a low of $19.37 per ounce before sizeable bargain buying appeared. Silver should move back up to the $20 level soon. At 11am PDT today, Silver is down $0.36 per ounce, trading at $19.58 per ounce on active volume.