Daily Market Report 10/29/12

GOLD

Financial markets in New York are closed today due to Hurricane Sandy. One of the areas already evacuated is Battery Park, where the offices and the trading floor of the New York Mercantile Exchange (NyMex) are located. Gold trading is very light today, taking direction from overnight markets in Asia and Europe. At 11am PDT today, Gold is trading at $1,709.30, down $3.90 per ounce, on very light trading in the secondary markets.

SILVER

In the secondary precious metal markets silver is trading lower with very light volume. At 11am PDT today the price is of Silver is $31.84 per ounce, down $0.23 per ounce.