Daily Market Report 9/4/15

GOLD

It was reported today that the U.S. economy added 173,000 jobs in August, and the unemployment rate has fallen to 5.1%. Initially, this news drove the price of Gold down to $1,117, below the key $1,120 support level. However, buying appeared at the lows and the price rallied back to $1,125 per ounce. At 11am PDT today, Gold is trading at $1,123 per ounce, down $2 on average volume.

SILVER

Silver continues to find excellent demand around the $14.50 per ounce level. When Gold sold off this morning, Silver tested the $14.50 level and held, rallying back to $14.60 per ounce. At 11am PDT today, Silver is down $0.12 per ounce, trading at $14.61 per ounce on normal volume.