Daily Market Report 5/27/15

GOLD

Gold traded today in a very narrow $7 per ounce high/low range. At 11am PDT today, Gold is trading at $1,187 per ounce, down $1 per ounce on light volume.

Dmitry Tulin, who manages monetary policy at the Russian central bank, explained that Russia is buying massive quantities of Gold based on fear that Russia’s overseas assets could be frozen as part of a possible toughening of Western sanctions over the Ukraine crisis.Tulin said, "The price of it (Gold) swings, but on the other hand it is a 100 percent guarantee from legal and political risks."

Read the complete story at: www.mintstategold.com/investor-education/cat/news/post/russia_boosts_gold_holdings/.

SILVER

Silver found serious buyers in the $16.60 per ounce area. At 11am PDT today, Silver is down $0.07 per ounce, trading at $16.68 per ounce on light volume.