Markets Wait For Declared Winner

GOLD

Gold has been moving above and below the $1,900 level during both the Asian and U.S. trading trading hours. While U.S. election news continued to be released throughout the night the market is in limbo as we wait for a winner to be declared. Once there is a declared winner in the U.S. Presidency it will affect the value of Gold. At 11 am Gold is trading at $1901 down by $7 on strong trading volume.

SILVER

Silver was trading lower overnight and has come up in the U.S. trading hours with the price hovering around the $24 level. At 11 am PT today, Silver is at $24.02 down by $0.14 on good trading volume.