Daily Market Report 10/31/16

GOLD

Today Gold traded within a narrow $8 high/low price range, between $1,279 and $1,271 per ounce. The U.S. 3rd quarter Gross Domestic Product (GDP) positive numbers were released late on Friday. Our economy grew by 2.9%, the fastest pace in the past two years. At 11am PDT today, Gold is trading at $1,274, down $8 per ounce on average volume.

SILVER

Silver is also trading in a narrow high/low range. Silver continues to show growing demand at the current price level. At 11am PDT today, Silver is unchanged, trading at $17.85 per ounce on normal volume.