Daily Market Report 06/10/14

GOLD

Military unrest in a key oil export port in Iraq helped drive Gold higher this morning. Gold rallied in Asian markets, reaching $1,264 per ounce, before selling appeared. After the Iraq news broke, trading volume on the CME exchange almost doubled Monday’s volume on short covering and fresh buying. At 11am PDT today, Gold is up $6, trading at $1,260 per ounce on excellent volume.

SILVER

Silver firmed up on excellent demand, reaching $19.27 per ounce early in the trading session. Silver is finding fresh buying above the key $19 per ounce level. At 11am PDT today, Silver is trading at $19.19 per ounce, up $0.09 per ounce on average volume.