Daily Market Report 4/30/15

GOLD

The U.S. Labor Department reported today that the U.S. Jobless rate dropped to 262,000, a dramatic reduction of 34,000 jobs last week. This is a key indicator for the Federal Reserve when determining interest rates. This news was negative for Gold and Gold quickly dropped to $1,177 per ounce, then rallied back above the $1,180 support level on excellent volume. At 11am PDT today, Gold is trading at $1,184 per ounce, down $21 on excellent volume.

SILVER

Silver moved down to $15.80 per ounce when the Labor Department news was released and found lots of support. At 11am PDT today, Silver is down $0.45 per ounce, trading at $16.15 per ounce on excellent volume.