Daily Market Report 06/04/14

GOLD

Gold continues to trade in a narrow price range looking for a direction. There is resistance at $1,250 and strength at the $1,240 support level. With a lot of U.S. economic news due out later this week, I would expect to see a move in Gold. At 11am PDT, Gold is unchanged, trading at $1,245 on average volume.

SILVER

Silver is also trading in a narrow price range, but is showing increasing demand for physical investment products at the current price. At 11am PDT today, Silver is up $0.03, trading at $18.83 on better than average demand.