Daily Market Report

GOLD What a great start to July. With Gold’s demand, the price is moving higher. Between European, Middle Eastern and Asian demand, the price of Gold is moving and on its way to $1,400 per ounce. Gold is at a record high in many other countries’ currencies. Considering the 2011 high of $1,920 per ounce for Gold in U.S. Dollars...

GOLD After an increase of $101 per ounce in the month of June, Gold is consolidating in a narrow $10 high/low trading range today. Surprisingly, physical demand for Gold investment products continues to be strong, even in the summer. Concerns about Brexit are causing Gold/Silver buyers to get aggressive. At 11am PDT today, Gold is down $5, trading at $1,319...

GOLD The Asian buyers came back this morning, taking the spot Gold price up to $1,328 per ounce. Buying remains strong in the European and U.S. physical and paper Gold markets. At 11am PDT today, Gold is trading at $1,324 per ounce, up $8.50 on good volume. SILVER The Silver price continues to outperform the Gold price, reaching a new...

GOLD Gold tested its support level this morning, reaching a low of $1,305 per ounce. The $1,300 major support level held and the price quickly rallied back. It’s good to see Gold consolidating in the $1,305 to $1,335 per ounce price range after last week’s major rally. Physical Gold demand continues to grow around the globe, with reports of increased...

GOLD Asian markets are showing excellent support of Friday’s $57 per ounce Gold rally. Gold reached a high of $1,335 per ounce in Asian trading this morning. As the markets in Europe opened, Gold held firm as equity markets (especially bank stocks and financial institutions) dropped. Many of the European currencies continued to decline. At 11am PDT today, Gold is...

GOLD Wow! Gold traded at a low of $1,251 late yesterday afternoon, as it appeared that the British were going to vote to stay in the European Union. Some market analysts were predicting that Gold could test the $1,200 long term support level if the Brexit vote was to remain in the Union. However, at about 6pm PDT, the Brexit...

GOLD Gold is trading in a tight range awaiting the results of the Brexit vote in Great Britain. For most of the day, Gold has been in the $1,257 to $1,266 range. The trading bias is favoring that the British will be stay in the European Union. At 11am PDT today, Gold is down $5 per ounce, trading at $1,261...

GOLD For most of today’s Asian and European trading, Gold has stayed in a narrow $10 high/low trading range. The precious metal markets are waiting for direction from tomorrow’s Brexit vote or any comments from Janet Yellen on future interest rates. At 11am PDT today, Gold is trading at $1,266 per ounce, down $4 on average volume. SILVER Silver reached...

GOLD The latest poll from Great Britain is showing that British citizens are going to vote to stay in the European Union (Brexit) on Thursday. That poll caused Gold to sell-off, reaching a low of $1,265 per ounce before major buying appeared. At 11am PDT today, Gold is down $18, trading at $1,270 per ounce on heavy volume. SILVER Silver...

GOLD This morning Gold tested the $1,280 support level, reaching a low of $1,277. The support level held and the Gold price quickly rallied back to $1,288 per ounce. I believe the market will trade in a tight range awaiting news from Janet Yellen’s testimony to Congress this Wednesday and Thursday, and the Brexit vote in Great Britain also on...