Daily Market Report 10/28/15

GOLD

Gold has moved upwards this morning, moving above $1,175 per ounce on excellent volume. Market analysts have a general feeling that the Federal Reserve will make no decision to raise interest rates. Many traders believe that the Fed is not likely to give any definitive schedule for raising interest rates/ At 11am PDT today, Gold is trading at $1,172 per ounce, up $7 on active trading.

SILVER

Today, Silver reached a high of $16.40 per ounce, but couldn’t hold the sharp rally. However, for most of the day Silver did stay above the key $16 per ounce resistance level. At 11am PDT today, Silver is up $0.30, trading at $16.18 per ounce on excellent volume.