Daily Market Report 05/20/14

GOLD

A stronger U.S. Dollar versus the Euro and expectations that the European Central Bank will cut interest rates soon to support the euro zone economy, possibly at its policy meeting early next month, are having an uncertain impact on Gold. Gold has been trading in a very narrow $5 price range for most of the session. At 11am PDT today, Gold is up $2 per ounce, trading at $1,295 on average volume.

SILVER

Silver traded most of the day in a thin price range on light volume. At 11am PDT today, Silver is up $0.02 per ounce, trading at $19.40 on light volume.