Daily Market Report 05/08/14

GOLD

Today, Gold has traded in a very narrow $10 high/low price range, from $1,295 to $1,285 per ounce. The precious metal markets are focused on what is happening in Ukraine and any aggressive news causes the prices to quickly rally, while news of a possible settlement drives the price down. Reports of falling demand for Gold investment products in China, plus a strong U.S. dollar, have kept Gold from rallying back above the key $1,300 per ounce price level.

At 11am PDT today, Gold is trading at $1,287 per ounce, down $1 on average volume.

SILVER

For the most part of today, Silver has traded lower based on lack of any serious demand. At 11am PDT today, Silver is down $0.21 per ounce, trading at $19.14 on light volume.