Daily Market Report

GOLD This morning, I received a highly informative blog from Walter Pehowich, which I wish to share. “Where do I start? There is so much going on here in the States and around the globe that affects the price of gold in a positive way. I can hear the Wall Street Gold traders cheering the price of gold on with...

GOLD Today Gold opened higher in Asia, the Middle East, and Europe on geopolitical concerns. Investors are adding to their holding of safe haven assets (Gold), due to increasing tensions in Syria and North Korea, and worries about the upcoming French elections. Gold hit a high of $1,273.40 (highest level in 2017) before seeing some light profit taking. At 11am...

GOLD This morning Gold hit a low of $1,247.20 before finding bargain buyers. The Gold price quickly bounced back above the key $1,250 support level and now is trading around $1,254 per ounce. At 11am PDT today, Gold is down $5 per ounce, trading at $1,252 on average volume. SILVER Silver opened sharply lower in Asian and European markets at...

GOLD After the news of the U.S. Tomahawk missile attack on Syria was released last night, Gold quickly rallied $17 per ounce. Then as more information was released the increase dropped to $12. This morning the U.S. Labor Department stated that 89,000 new jobs were added in March, diving the unemployment rate to 4.5%. Gold sold off more on that...

GOLD Gold has traded in a narrow $10 high/low range today, mostly above the key $1,250 per ounce support level. Gold is in a consolidation mode, firmly establishing the $1,250 per ounce level as a base. This is very good for the next leg higher, which I believe will test the $1,300 level by month’s end. At 11am PDT today...

GOLD A strong U.S. Dollar and an increase in the 10-year Bond price put Gold on the defensive from market’s open. Gold reached a low of $1,244 before bargain buyers appeared. It’s important that Gold close above $1,250 by Friday. At 11am PDT today, Gold is trading at $1,248 per ounce, down $9 on good volume. SILVER Today marks the...

GOLD The Gold rally continues with Gold hitting a high of $1,261 before seeing some light profit taking. Demand remains strong on physical, futures, options and equities markets. Look for a move to the $1,265 level soon, on the way to the $1,300 area by the month’s end. At 11am PDT today, Gold is trading at $1,257 per ounce, up...

GOLD This morning Gold is trading in a narrow range between $1,244 and $1,250 per ounce in Asian and European markets. I believe Gold will move back above the key $1,250 level during this week. At 11am PDT today, Gold is up $4, trading at $1,253 per ounce. SILVER Silver sold off this morning in Asian and European markets, reaching...

GOLD There was Asian selling in the Gold market overnight, driving the price down to $1,239 per ounce. When European and U.S. Gold markets opened, the Gold price started moving higher on good demand. At 11am PDT today, Gold is trading at $1,249 per ounce, up $3 on good volume. SILVER The Silver price continues to show excellent support over...

GOLD Gold has traded today above and below the $1,250 per ounce level, hitting a low of $1,244 and a high of $1,254. On a short-term basis, it’s important that Gold stay above $1,250 for four or five trading days to continue the bullish direction. At 11am PDT today, Gold is trading at $1,246 per ounce, down $7.50 on good...