Daily Market Report 8/30/16

GOLD

A stronger U.S. Dollar and improving U.S. economic news drove the Gold price down this morning. As we approach the Labor Day holiday weekend, the trading volume is weakening. At 11am PDT today, Gold is trading at $1,313 per ounce, down $10 on light volume.

SILVER

Silver tried to break above the $19 per ounce resistance level this morning and failed, only reaching $18.95. Silver is showing light support above $18.40, but short term profit taking as it reaches $19. At 11am PDT today, Silver is down $0.20 per ounce, trading at $18.59 on average volume.