Daily Market Report 8/5/13

GOLD

Gold tested the very important $1,300 per ounce resistance level again this morning, reaching $1,297 per ounce at one point. Gold quickly rallied back above $1,300 on good demand.

At 11am PDT today, Gold is trading at $1,303 per ounce, down $10 per ounce.

SILVER

Silver did rally above $20 per ounce this morning, reaching $20.06, before seeing selling.

At 11am PDT today, Silver is down $0.17 per ounce, trading at $19.73 per ounce.