Market Traders Look Forward To Key U.S. Manufacturing Report For October

GOLD

The Gold value is showing excellent strength this morning moving back over the $1,890 per ounce level. We need a move above the key $1,900 this week to resume the bullish trend. Many market traders are looking forward to the key U.S. manufacturing report for October, which would give them an indicator of the health of the economy. At 11 am PT today, Gold is trading at $1,892, up $11.50 per ounce on good volume.

SILVER

Silver moved higher with Gold today, nearing the key $24 per ounce level. Demand remains strong for the popular U.S. minted silver products, as many European mints are in lockdown. At 11 am PT today, Silver is up $0.40 per ounce, trading at $23.91 on normal volume