Daily Market Report 05/09/14

GOLD

Gold is trading on light volume in a thin $9 per ounce high/low ($1,294/$1,285) range today. Russian President Putin’s plan to allow more Chinese investments in Russia, avoiding the U.S. and ECU sanctions, didn’t have any effect on the precious metal prices. At 11am PDT, today Gold is trading at $1,287 per ounce, unchanged from yesterday.

SILVER

Silver tested $19.00 per ounce earlier this morning, and showed light demand at $19.04, the low of the day. At 11am PDT today, Silver is down $0.04, trading at $19.10 per ounce on light volume.