Daily Market Report 2/26/15

GOLD

Gold moved higher this morning, reaching a high of $1,220 before seeing short term profit taking. It was reported today that net Gold imports to China, from its main conduit Hong Kong, climbed to 76.118 tonnes in January 2015, up from a three-month low of 71.381 tonnes in December. At 11am PST today, Gold is trading at $1,209 per ounce, up $6 per ounce on normal volume.

SILVER

Silver rallied along with Gold earlier this morning, reaching a high of $16.92 per ounce. At 11am PST today, Silver is up $0.14, trading at $16.60 per ounce on average volume.