Daily Market Report 7/10/15

GOLD

Today, Gold is trading in a narrow $7 high/low trading range from $1,164 to $1,157 per ounce. Although Gold priced in U.S. Dollars was down last year and is trading near its 2015 lows, European Gold investors saw a 10% gain last year and another 8% year-to-date. U.S. interest rates should remain low for a while, bullish for Gold, as the IMF lowered its forecast for global growth. At 11am PDT today, Gold is down $0.17, trading at $1,160.26.

SILVER

Silver looks to be building a base above $15.40 per ounce with increased speculative and physical demand for investment products. At 11am PDT today, Silver is up $0.15, trading at $15.57.