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

About the Author:

Barry Stuppler & Co. offers a great selection of gold and silver, rare and investment quality coins to our valued clients. As the current elected president of the 30,000 member American Numismatic Association (ANA) and the president of the California Coin and Bullion Merchants Association (CCBMA), Barry Stuppler brings expertise and integrity to the numismatic trade.

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