Daily Market Report 7/2/15

GOLD

After the U.S. Labor Department reported that 223,000 jobs were added in June, Gold sold off, reaching a low of $1,157 per ounce. This was the third consecutive month of healthy job gains. The unemployment rate fell to 5.3%, lower than economists’ had expected. The unemployment rate is now back at levels last seen before the 2008 financial crisis. At 11am PDT today, Gold is trading at $1,165 per ounce, down $5 on light volume.

SILVER

Silver stayed in a very narrow trading range for most of the day, around $15.50 to $15.70 per ounce. At 11am PDT, Silver is down $0.02 per ounce, trading at $15.62 per ounce on light volume.