Daily Market Report 6/17/15

GOLD

It appears that the recent sell off in the Platinum and Palladium prices has affected Gold and Silver negatively. The Platinum price is now at a six-year low and is trading at a $105.00 discount to Gold. It appears that Gold/Silver is treading water awaiting the Federal Reserve announcement and Chairman Yellen’s news briefing scheduled for later today. At 11am PDT today, Gold is down $3 per ounce, trading at $1,179 per ounce on normal volume.

SILVER

Silver is trading in a narrow range today above and below the $16 per ounce level. At 11am PDT today, Silver is trading at $16.05, unchanged from yesterday on light volume