Daily Market Report

  1. Daily Market Report 4/14/16

    GOLD Gold wasn’t able to hold over $1,250 and was sold down to $1,224 today. A stronger U.S. Dollar and lack of fresh Gold demand caused some short term profit taking. Gold is now in a short term trading range from $1,210 to $1,260 per ounce. At 11am PDT today, Gold is trading at $1,225 per ounce, down $22 on...
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  2. Daily Market Report 4/13/16

    GOLD A short term rally in the U.S. Dollar, and some light profit taking after the recent Gold rally, moved the Gold price down to $1,240 before finding bargain buyers. Gold needs to move back above $1,250 this week to stay short term bullish. The U.S. budget deficit is moving higher. The deficit increased $461 billion in the last six...
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  3. Daily Market Report 4/12/16

    GOLD A combination of strong physical demand and a weak U.S. dollar has given good support to the Gold price today. The U.S. Dollar is down 5% versus the Euro and 10% versus the Japanese Yen in the past couple months. A report out of Asia today shows that China purchased 183 tonnes of Gold in March, and 515 tonnes...
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  4. Daily Market Report 4/11/16

    GOLD Gold reached a high of $1,260 today on a fresh wave of buying due to a weaker U.S. Dollar and strong safe-haven buying. Weak economic data coming out of Europe and Asia is providing concerns that negative interest rates and another round of quantitative easing is highly possible. At 11am PDT today, Gold is trading at $1,256 per ounce...
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  5. Daily Market Report 4/8/16

    GOLD Gold has traded between $1,230 and $1,243 per ounce today, consolidating the price on average volume. Gold reached a low of $1,210 on April 1st, but never tested the important $1,200 per ounce support level. Physical demand remains strong, while global monetary policy remains loose, which is excellent for Gold. At 11am PDT today, Gold is trading at $1,241...
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  6. Daily Market Report 4/716

    GOLD Late yesterday the FOMC released the March Fed meeting minutes. These minutes are very important because it provides clues to the future direction of U.S. interest rates. The minutes showed that Chairman Janet Yellen is unlikely to raise rates this month, and the balance of the year is a big question mark. Gold reacted to this news in Asia...
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  7. Daily Market Report 4/6/16

    GOLD For most of the day Gold has been trading in a narrow range between $1,220 and $1,230 per ounce. At 11am PDT today, Gold is trading at $1,223 per ounce, down $5 on average volume.   SILVER Silver tested the $15 per ounce level again this morning, reaching a low of $14.92 before rallying back over the $15 resistance/support...
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  8. Daily Market Report 4/5/16

    GOLD The Gold price increased $12 this morning as global demand heated up and the European stock markets declined sharply, causing the U.S. Dollar to weaken. The German stock market dropped after data showing the biggest decline in German factory orders for six months suggested that Europe’s biggest economy is becoming caught up in a global slowdown. The U.S. Dollar...
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  9. Daily Market Report 4/4/16

    GOLD This morning Gold has traded between $1,214 and $1,223 on normal volume. The big question that traders are asking is: “Will Gold test the $1,200 per ounce support level?” At 11am PDT today, Gold is trading at $1,218 per ounce, down $4 on average volume.   SILVER Silver is showing active physical demand as the price trades above and...
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  10. Daily Market Report 4/1/16

    GOLD After the March job numbers were released early this morning both the Gold and Silver price got hit. A good jobs number makes analysts anticipate that the Federal Reserve could raise interest rates quicker than originally thought. After the news Gold was quickly sold down to $1,209 before finding major buying. At 11am PDT today, Gold is down $11...
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