Daily Market Report 8/30/13

GOLD

After reaching a low of $1,391 per ounce in overnight Asian trading, Gold is fighting to move back above the $1,400 per ounce support level. August was a very profitable month for Gold investors with Gold up $85 per ounce (6.5%).

At 11am PDT today Gold is trading at $1,397 per ounce, down $15 per ounce for the day on light weekend/holiday volume.

SILVER

Silver is trading lower on Gold weakness, trading as low as $23.37 per ounce. Silver showed an increase of $3.87 per ounce for the month of August, a 20% increase.

At 11am PDT today, Silver is down $0.52 per ounce, at $23.50 per ounce on light volume.