Daily Market Report 04/21/14

GOLD

Today, due to the sharp outflows from the world’s biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar Gold, could not rally back above $1,300 per ounce. The Gold stockpile at GLD dropped to 795.14 tonnes, the lowest level since January. After an overnight attempt to rally, Gold has traded down, reaching a low of $1,280 per ounce. At 11am PDT today, Gold is trading at $1,289 per ounce, down $6.50 per ounce on normal volume.

SILVER

Silver reached a low of $19.22 per ounce earlier today before seeing strong Asian demand. At 11am PDT today, Silver is down $0.22 per ounce, trading at $19.38 per ounce on average volume.