Daily Market Report 5/26/15

GOLD

Gold fell $18 per ounce this morning (a two-week low) as the U.S. Dollar pushed higher, reaching $1.07 versus the Euro. This morning’s drop in the Gold price followed comments from Federal Reserve Chair, Janet Yellen, which reinforced the U.S. Central Bank’s tightening bias on monetary policy. At 11am PDT today, Gold is down $16, trading at $1,188 per ounce on strong volume.

SILVER

Silver fell with the Gold price this morning, reaching a low of $16.64, before finding bargain buying. At 11am PDT today, Silver is trading at $16.75, down $0.31 per ounce on higher than average volume.