Daily Market Report 2/11/15

GOLD

Last Friday’s improvement in U.S. data, as evidenced by the U.S. Department of Labor’s employment report, continues to strengthen the value and demand for the U.S. Dollar. Positive U.S. economic news keeps selling pressure on precious metals, because of the belief that interest rates within the U.S. will rise sooner than expected.

Early today Gold reached a low of $1,220 per ounce in Asian trading. At 11am PST Today, Gold is trading at $1,222, down $11 per ounce on normal volume.

SILVER

With the weakness in the Gold price today, Silver was unable to hold above the important $17 per ounce level.

At 11am PST today, Silver is trading at $16.80, down $0.15 per ounce on average volume.