Daily Market Report 3/11/15

GOLD

Gold continues to move lower, hitting $1,147 per ounce this morning in Asia. The main factor causing the decline in Gold is the continued strength of the U.S. Dollar; currently at under 1.05 Dollars to the Euro --- an 11 year high. Concerns about the Federal Reserve raising interest rates have also been putting pressure on bullish sentiment. Increasing physical demand for Gold investment products cannot offset the speculative selling and short selling. At 11am PDT today, Gold is trading at $1,152 per ounce, down $10 on average volume.

SILVER

Silver hit a low of $15.27 per ounce in Asian trading. Physical demand for Silver investment products continues to grow, but not enough to turn the price direction. At 11am PDT today, Silver is down $0.30 per ounce, trading at $15.38 per ounce on normal volume.