Daily Market Report 2/20/15

GOLD

Gold is testing the $1,200 per ounce support level again, reaching a low of $1,199.80 in early trading. The U.S. Dollar’s strength combined with weekend selling has put pressure on the price today. Many traders are waiting for some fresh news from the European Central Bank meeting. At 11am PST today, Gold is trading at $1,205 per ounce, down $5 on average volume.

SILVER

Silver has been weaker than Gold with early Asian selling driving the price down to $16.17. At 11am PST today, Silver is down $0.20 per ounce, trading at $16.28 on average volume.

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