Daily Market Report 1/7/15

GOLD

Gold has started the year on a good foot, moving past $1,210 per ounce on fresh demand. With the U.S. Dollar reaching $1.16 to the Euro (a new 2013-14 record for the US Dollar), Gold has been trading in a tight $10 high/low price range from $1,219 to $1,209. At 11am PST today, Gold is trading at $1,211 per ounce, down $6 per ounce on average volume.

SILVER

Silver is finding excellent worldwide physical demand above the $16 per ounce support level. At 11am PST today, Silver is down $.06 per ounce trading at $16.59 per ounce on normal volume.