Daily Market Report 8/12/16

GOLD

Both Gold and Silver rallied early in the day on weak U.S. economic data. On that news, Gold broke above the $1,350 level, but weekend selling drove the price back to $1,334. At 11am PDT today Gold is trading at $1,339, down $6 per ounce on good volume.

SILVER

Silver traded above $20 per ounce this morning on the weak U.S. economic data, but sold off later in the session. Silver reached a low of $19.69 before bargain buyers appeared. At 11am PDT today, Gold is down $0.30 per ounce, trading at $19.77 on excellent volume.