Daily Market Report 10/29/13

GOLD

Gold is trading in a very narrow price range awaiting a statement from the Federal Reserve policy makers meeting on U.S. monetary policy. There was some slight weakness in the Gold price this morning due to strength in the U.S. Dollar. At 11am PDT today, Gold is trading at $1,347 per ounce, down $7 per ounce on average volume.

SILVER

Silver trading has been very quiet in a narrow range awaiting the same Fed announcement. Silver has traded as low as $22.28 and as high as $22.65 on light volume. At 11am PDT today, Silver is unchanged at $22.54 per ounce.