Daily Market Report 8/29/14

GOLD

Gold traded today in a narrow $8 high/low price range, from $1,283 to $1,291 on light volume. With the long holiday weekend many traders want to have no position in the commodity markets. So, today we saw some light selling. At 11am PDT today, Gold is trading at $1,285 per ounce, down $4 on light volume.

SILVER

Silver sold off with Gold for the same reasons. At 11am PDT today, Silver is down $0.10 per ounce, trading at $19.46 per ounce on light volume.