Daily Market Report 06/11/14

GOLD

The World Bank stated last night that they were cutting the annual world economic growth forecast to up 2.8% from its last forecast of up 3.2%, in January. This news is bullish for Gold as it is more likely that the world’s major central banks will keep their easy-money policies longer than originally anticipated. At 11am PDT today, Gold is trading at $1,261 per ounce, up $1 on average volume.

SILVER

Silver is holding well above $19 per ounce, reaching a $19.36 high today. At 11am PDT today, Silver is up $0.03, trading at $19.22 per ounce.