Daily Market Report 8/7/15

GOLD

Gold stayed within its recent trading range today after the U.S. Labor Department reported that the economy added 215,000 jobs in July and the unemployment rate remained steady at 5.3%. Gold continues consolidating in the $1,080 to $1,100 per ounce range. At 11am PDT today, Gold is trading at $1,094.56, up $4.08 on above average volume.

SILVER

Silver tested the $15 per ounce resistance level this morning, reaching $14.98, but short term profit taking and fresh short sales took it back down. At 11am PDT today Silver is trading at $14.88, up $0.15 on better than average volume.