Daily Bullion Market Update 11/4/11

By Barry Stuppler - MintStateGold.com

GOLD

Gold sold off $10.60 this morning over disappointment from not hearing any positive news coming out of Cannes, France, where the Group-20 leaders are meeting. Another poor Jobs report was released by the Labor Department today, showing the unemployment rate at 9.0% for the month of October. At 11am PDT Gold is trading at $1,753.90 per ounce on light weekend trading.

SILVER

Silver is trading at $34.13 per ounce at 11am PDT, down 39 cents on light weekend trading. Silver continues to build an excellent base above $33 per ounce. Overnight reports from Asia show heavy demand for physical silver investment and jewelry products, particularly in India, during the festival season.

Posted in: Bullion & Metals

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