Daily Market Report

GOLD Both Gold and Silver rallied early in the day on weak U.S. economic data. On that news, Gold broke above the $1,350 level, but weekend selling drove the price back to $1,334. At 11am PDT today Gold is trading at $1,339, down $6 per ounce on good volume. SILVER Silver traded above $20 per ounce this morning on the...

GOLD Gold briefly broke above the important $1,350 per ounce resistance level this morning on a weaker Dollar. However, when the Dollar rallied, the Gold price dropped below $1,350, reaching $1,340 before finding sizeable demand. At 11am PDT today, Gold is trading at $1,345 per ounce, unchanged from yesterday on average volume. SILVER Silver tested the very important $20 level...

GOLD Based on a weaker U.S. Dollar and the anticipation of some weak economic news in the next few days, Gold rallied this morning. Gold reached a high of $1,357 before seeing some short term profit taking. At 11am PDT today Gold is trading at $1,345 per ounce, up $4 on good volume. SILVER Silver finally moved back above the...

GOLD Gold reached its recent $1,330 per ounce support level in Asian trading this morning. At that price fresh buying appeared, quickly rallying the price up $8 to $10 per ounce. At 11am PDT today, Gold is trading at $1,341 per ounce, up $5 on excellent volume. SILVER Silver is trading actively between $19.58 and $19.89 per ounce today. Demand...

GOLD Gold has been trading in a fairly narrow range between $1,332 to $1,339 per ounce after last Friday’s jobs numbers. Volume is above average, but I’m happy to see some stability after the dollar was affected going into the week. With all the growth Gold has experienced this year, it is healthy to see a pull back from time...

GOLD This morning, we found out that the U.S. non-farm payrolls increased dramatically to 255,000 jobs in July. This news caused the U.S. Dollar to rally sharply and for Gold to sell-off. I believe we will see Gold move back above the $1,350 level early next week. At 11am PDT today, Gold is trading at $1,340 per ounce, down $21...

GOLD This morning there was an interest rate cut by the Bank of England (BoE) from 0.5% to 0.25%. This was the first cut in seven years and a direct result of the economic crisis caused by BREXIT. This move by the BoE reaffirms Gold as the go-to asset in times of economic crisis, and the Gold price reacted positively...

GOLD Today Gold is holding in a narrow $12 High/Low range, from $1,366 to $1,354 per ounce. The Gold price needs this consolidation above the key $1,350 level, to build a nice base for its move to the $1,400 resistance level later this month. At 11am PDT today, Gold is trading at $1,358 per ounce, down $6 on average volume...

GOLD For the past six trading days in a row the Gold price has increased. During the same six days, the U.S. equity market has decreased. The start of a trend?? Today, the Japanese central bank announced a new fiscal stimulus package of $276 billion. This decision by the Japanese government is adding more quantitative easing to the world’s economies...

GOLD This morning Gold has traded above and below the key $1,350 support/resistance level. Demand continues to be strong for both physical Gold and futures contracts. At 11am PDT today, Gold is trading at $1,353 per ounce, unchanged from Friday on good volume. SILVER Silver reached a low of $20.28 this morning. At that price, major buying hit the Asian...