Daily Market Report 6/17/13

GOLD

Gold traded today in a narrow price range awaiting direction from the Federal Reserve policy meetings starting tomorrow.

At 11am PDT, today Gold is down $5 per ounce, trading at $1,383 per ounce on normal volume.

SILVER

Silver briefly traded above $22 per ounce, reaching $22.11 per ounce earlier this morning. However, as Gold sold off from its highs Silver followed it lower.

At 11am PDT, today Silver is trading at $21.82 per ounce, down $0.14 per ounce on light volume.

I recommend reading today’s Weekly Market Report for my update on what some of the world’s governments are doing to slow down the global demand for Gold. The WMR is available at http://www.mintstategold.com/investor-education/cat/markets/