Daily Market Report 4/17/15

GOLD

Gold continues to remain stuck in its recent trading range. Physical demand for Gold investment products has picked up every day this week on the dips, while speculative trader and perhaps producer selling appears on the rallies. It was reported today that U.S. core inflation for the month of March has increased to 1.8%. The Stock Market is down over 300 points and the U.S. Dollar is lower versus the Euro. Gold is moving higher today based on this news. At 11am PDT today, Gold is up $4, trading at $1,204 per ounce on average Friday volume.

SILVER

Today Silver traded in a narrow $0.34 high/low price range, on weak demand. The Silver price has been lower for most of the trading day and the Gold/Silver ratio hit an extraordinary 74-to-1. At 11am PDT today, Silver is trading at $16.27 per ounce, down $0.08 on normal volume.