Daily Market Report

GOLD Gold tested and held above its recent $1,080 per ounce support level early this morning, reaching a low of $1,081 per ounce. At that price, bargain buyers appeared and drove the price back above $1,090 per ounce. At 11am PDT today, Gold is trading at $1,089 per ounce, down $1.50 per ounce on average volume. SILVER Silver reached a...

GOLD Gold is trading in a narrow $9 high/low price range from $1,089 to $1,098 per ounce. I am seeing good demand on the low end of the trading range, while seeing selling when it reaches the $1,100 resistance level. At 11am PDT today, Gold is trading at $1,090.50 per ounce, down $7.50 per ounce on average volume. SILVER Silver...

GOLD Gold hit the $1,080 per ounce support level this morning, then reversed its downtrend after the Dollar fell based on weaker-than-expected U.S. economic data reported from the Department of Labor. Demand for Gold continues to grow with the U.S. Mint reporting sales of 170,000 ounces of Gold Eagles in July; that is a two year high. At 11am PDT...

GOLD Today, Gold tested the support line of $1,080 and the resistance level of $1,100 per ounce and held both times. This morning Gold hit a low of $1,082 and a high of $1,099 per ounce. At 11am PDT today, Gold is trading at $1,090 per ounce, down $12 from yesterday’s after-market trading on average volume. SILVER Silver continues to...

GOLD Gold and the U.S. Dollar are treading water in a narrow high/low trading range this morning. With no relevant news, the Gold price appears to be consolidating in the current range. I really liked seeing Gold move back above the key $1,100 per ounce resistance level after today’s Federal Reserve statement. At 11:05am today, Gold is trading at $1,102...

GOLD Gold traded today in a very tight $8 high/low range, from $1,091 on the lows to $1,099 on the highs. It appears traders are waiting for direction from the upcoming Federal Reserve meeting. Demand for physical Gold products is very strong with the U.S. Mint reporting 157,000 ounces of U.S. Gold Eagles sold in July; that’s double the June...

GOLD In early trading Gold moved back above the key $1,100 per ounce resistance level in active trading, reaching a high of $1,105. At that point Gold picked up some short term profit takers and started trading above and below the $1,100 per ounce level. I believe a Gold price above $1,100 per ounce is a key factor for a...

GOLD $1,080 is a very important support level for Gold right now. Gold hit $1,077 per ounce in overnight trading and quickly rallied back above $1,080. A confirmed breakdown below $1,080 could result in a decline to $1,044 per ounce; a historic major support level. I would like to see Gold rally back above the $1,100 resistance level by Monday...

GOLD During the past three days Gold has traded above and below the important $1,100 per ounce price level. Gold has seen resistance with light selling at $1,107, and support with excellent demand at $1090 per ounce. A break above or below this trading range will give us a good indication of the short term price direction. At 11am PDT...

GOLD Gold has traded above and below the $1,100 per ounce price level today on excellent volume. The recent low for Gold is $1,080 and a bargain price for Gold attracts heavy buying. It was reported that Russia purchased 25 tonnes of Gold in June. At 11am PDT today, Gold is down $10, trading at $1,094 per ounce on excellent...