Daily Market Report 9/6/13

GOLD

Gold rallied sharply today after reaching a low of $1,359 per ounce. The value of Gold moved higher after the U.S. Commerce department announced that only 169,000 jobs were added in August, well below original estimates.

At 11am PDT today, Gold was up $14 per ounce, trading at $1,386 per ounce on average Friday trading volume.

SILVER

Silver mirrored Gold’s move higher on excellent volume. In Asian overnight trading Silver reached a low of $23.03, showing firm support at the $23 per ounce resistance level.

At 11am PDT today, Silver is trading at $23.80 per ounce, up $0.56 on excellent volume.

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