Daily Market Report

GOLD This morning Gold broke above the key $1,200 per ounce resistance level for the first time in 2017. Gold reached a high of $1,206 per ounce. This break was a little earlier than I expected, and was met with some professional short selling, which took the price below $1,200 per ounce. At 11am PST today, Gold is trading at...

GOLD After President-Elect Trump gave a news conference, Gold made its first attempt to break above the key $1,200 per ounce resistance level. Gold demand remains strong and the price reached a high today of $1,198 per ounce. At 11am PST today, Gold is trading at $1,194 per ounce, up $8 on good volume. SILVER Today, Silver continues to build...

GOLD Gold is trading between $1,180 and $1,190 per ounce today, building a nice base before it makes its first attempt of the year to break above the important $1,200 resistance level later this month. At 11am PST today, Gold is trading at $1,186 per ounce, up $2 on good volume. SILVER This morning Silver made its very first attempt...

GOLD A stronger U.S. Dollar may be a negative for Gold, but not in the face of this morning’s heavy physical demand in Asia. This morning Gold added to last week’s $22 increase with another $12, reaching a high of $1,184 per ounce. At 11am PST today, Gold is trading at $1,184 per ounce, up $11 on excellent volume. SILVER...

GOLD After starting 2017 with a $32 Gold rally, today we are seeing a normal Friday with some short term profit taking. I continue to see more bullish information and demand numbers for precious metals from around the world, and I think 2017 will be a great year for Gold/Silver and rare coin investors/collectors. Right now I’m in Fort Lauderdale...

GOLD Gold rallied to a 4-week high today on a lower U.S. Dollar, some new market uncertainty resulting from the release of Wednesday’s Federal Reserve (FOMC) minutes, and the U.S. ADP national employment report showing an increase of 153,000 jobs which was a bit lower than expected. At 11am PST Gold is trading at $1,182, up $17. SILVER Silver continued...

GOLD Gold continues to show excellent support above the $1,150 per ounce support level. Its next step is to test the $1,200 per ounce resistance level later this month. The professional traders are now playing Gold from a bullish trade and they are buying on dips. At 11am PST today, Gold is trading at $1,165 per ounce, up $4 on...

GOLD Today it appears that the precious metal markets are doing very well compared to the other commodities, as the U.S. Dollar strengthens in the first trading day of the year. It appears that with the Dollar up about 0.4%, Gold should be down about $5 today. However, with the strong trading today, the world’s default currency (Gold) is starting...

GOLD After reaching a high last night of $1,164 per ounce, year-end selling hit the Gold market today, but Gold held the important $1,150 per ounce level. Next year should be a good year for precious metal owners. At 11am PST today, Gold is trading at $1,152 per ounce, down $4 on normal volume. SILVER Disappointingly, Silver didn’t hold the...

GOLD Gold made a nice move today, breaking above the $1,150 per ounce level for the first time in two weeks. The bullish trading indicators are good, as futures, equities, and physical demand continue to increase. 2017 continues to look brighter. At 11am PST today, Gold is trading at $1,156 per ounce, up $15 on excellent volume. SILVER This morning...