Daily Market Report 11/3/14

GOLD

This morning the Gold price reached Friday’s low of $1,161 in Asia before heavy buying appeared. Right now it looks like Gold is finding excellent support and global physical demand is skyrocketing. Many dealers are reporting being back ordered on popular Gold investment products.

At 11am PDT today, Gold is trading at $1,168 per ounce, down $4 from Friday’s close on active volume.

SILVER

Silver is fighting to stay above the $16 per ounce level, after reaching a low of $15.75 per ounce in early Asian trading.

At 11am PDT today, Silver is up $0.02 per ounce, trading at $16.12 per ounce on excellent volume.