Daily Market Report 6/28/12

GOLD

Today, Gold trading has been on the defensive side of the market with the Supreme Court’s ruling, which for the most part supported the Affordable Care Act. This is seen as a major win for the Obama administration, and because of which the stock market, oil and precious metals all have dropped today. Right now Gold is showing resistance at the $1,550 level. At 11am, Gold is trading at $1,553.70 per ounce down $21.50, or 1.37% on a little above average trading.

SILVER

Silver is following Gold’s lead today as well as the market in general. At 11am, Silver is trading at $26.37 per ounce, down $0.67 or 2.49%.