U.S. Jobs Report Optimism Causing Increased Gold Demand

GOLD

We saw an increase in Gold demand and price today based on lower interest rates and optimism over tomorrow's U.S. Jobs Report. Gold is attempting to break back above the key $1,950 resistance level. At 11am PT today, Gold is up $12 per ounce, trading at $1,947 on normal volume.

SILVER

Even in the face of a higher Gold price, Silver is having a difficult time breaking back above the key $25 per ounce support/resistance level. If tomorrow’s U.S. Jobs Report is favorable, Silver could fly past the $25 level. At 11am PT today, Silver is trading at $24.95 per ounce, remaining the same as yesterday on average volume.