Daily Market Report 7/26/16

GOLD

Gold is trading in a narrow $10 per ounce range today, awaiting fresh news from this week’s Federal Reserve meetings. In Asian trading last night, Gold found excellent support at $1,314 per ounce. At 11am PDT today, Gold is trading at $1,320 per ounce, unchanged from yesterday on average volume.

SILVER

Silver is showing better price support than Gold. Physical silver demand remains strong, which is surprising considering we are in the summer months. At 11am PDT today, Silver is up $0.01 per ounce, trading at $19.64 per ounce on light volume.