Daily Market Report

GOLD This morning, Gold is trading with light volume and reached a low of $1,312.30 per ounce. Gold is trading at a four week low while waiting for short term direction after the Federal Reserve meeting and statement later this week. At 11am PDT today, Gold is trading at $1,320 per ounce, down $4 on light volume. SILVER When Silver...

GOLD Gold moved lower this morning on light trading volume. There was excellent support above $1,320 per ounce with a lack of sellers. At 11am PDT today, Gold is trading at $1,324 per ounce, down $7 on light volume. SILVER Silver tested the $20 per ounce resistance level this morning, reaching a high of $19.97 per ounce. At that point...

GOLD Today, Gold moved higher on excellent demand, reaching its recent trading range above the $1,330 per ounce level. At 11am PDT today, Gold is trading at $1,331 per ounce, up $12 on excellent volume. SILVER Silver followed Gold higher today, hitting a high of $19.81 per ounce. Physical and futures contract demand remains strong. At 11am PDT today, Silver...

GOLD A strong U.S. Dollar and positive U.S. economic housing news drove the spot Gold price down to $1,313 per ounce this morning. Once Gold broke below the recent $1,330 support level, trading volume picked up and fresh bargain buyers appeared. At 11am PDT today, Gold is trading at $1,319 per ounce, down $13 on active volume. SILVER Silver declined...

GOLD Gold continues to trade in a very tight range. Today’s high/low trading range was only $9 per ounce, from $1,334 to $1,325 per ounce. Gold’s consolidation is very healthy after the 25% increase in the first half of 2016. I am still looking for a break out of this trading range within the next month and a move towards...

GOLD With little to no news affecting the precious metal markets, Gold is trading in a narrow $12 high/low range from $1,335 to $1,323 today. Gold continues to consolidate its 25% increase this year, while building an excellent base for the next leg higher, $1,400 per ounce. At 11am PDT today, Gold is trading at $1,329 per ounce, up $1...

GOLD The Bank of England (BoE) was expected to lower its interest rate by ¼ of percent, but decided against it and the Gold market sold off, reaching a low of $1,322 per ounce. Again, like in the recent past, Gold found fresh bargain buyers driving up the price. At 11am PDT today, Gold is trading at $1,328 per ounce...

GOLD Gold sold-off this morning on a strong equity market, reaching a low of $1,320 per ounce. Like in the recent past, bargain buying jumped into the market at that level, quickly driving the price back to $1,335 per ounce. The Gold price consistently finds buying on any sell-off. At 11am PDT today, Gold is trading at $1,333 per ounce...

GOLD The recent Gold sell-off ended last night after reaching a low of $1,327.50 per ounce in Asian trading. Gold has moved up $15 from earlier lows on fresh bargain buying today. Demand for physical Gold products, precious metal equities, and Gold futures contracts remains strong. At 11am PDT today, Gold is trading at $1,343 per ounce, up $6 on...

GOLD As many of the equities markets around the globe are rallying off their recent 2016 lows, Gold is seeing profit taking. Gold hit a low of $1,330 today, well below its recent $1,350 support level. This is a great entry point for increasing your Gold holdings. At 11am PDT today, Gold is trading at $1,337, down $19 per ounce...