Daily Market Report 03/20/14

GOLD

Yesterday, Gold hit three-week lows after comments from Federal Reserve head Janet Yellen suggesting U.S. interest rates could rise sooner than expected. In early trading this morning, Gold reached a low of $1,320 per ounce, a major support level, before heavy buying appeared. At 11am PDT today, Gold is trading at $1,330.50 per ounce, down $7.50 on active trading.

SILVER

Silver moved lower with Gold yesterday afternoon and this morning, reaching a low of $20.13 per ounce. At 11am PDT today, Silver is down $0.35 per ounce, trading at $20.40 per ounce on active trading.