Daily Market Report 9/5/14

GOLD

In the face of the strongest U.S. currency versus the Euro, and Goldman Sachs restating their opinion that Gold will hit $1,050 per ounce this year, Gold keeps finding buyers above $1,250 per ounce. This morning’s disappointing August U.S. job’s data was also supportive of the Gold price.

At 11am PDT Today, gold is up $1, trading at $1,267 per ounce on good volume.

SILVER

Silver hit a low of $19.26 early this morning then quickly rallied $0.10 per ounce on good demand.

At 11am PDT today, Silver is down $0.10 per ounce, trading at $19.37 per ounce on average volume.