Daily Market Report 8/29/16

GOLD

With Labor Day just a week away, market activity is relatively good today; trading volumes are normal and Gold has been on a slow and steady incline. Gold reached a low of $1,315 per ounce this morning. The Gold price then rallied back to its recent trading range in European markets as demand picked up. At 11am today, Gold is trading at $1323, up $3 on normal volume.

SILVER

After hitting a low last night of $18.39 per ounce in the Asian trading hours, Silver seems to be making a nice run to the $19 level this morning on fairly good activity. At 11am today, Silver is trading at $18.79, up $0.14 on normal volume.