Daily Market Report

GOLD Gold tested its important $1,250 per ounce support level, reaching a low of $1,247 this morning. Gold continues to consolidate in a narrow $7 trading range. At 11am PDT today, Gold is trading at $1,254 per ounce, down $1 on normal volume. SILVER Like Gold, Silver tested its support level of $18 per ounce this morning, hitting a low...

GOLD Today Gold has traded in a narrow $7 high/low range, from $1,258 to $1,251 per ounce. After breaking above an important resistance level ($1,250), it is very healthy for Gold to consolidate its recent gains and start building a base for the next leg higher. At 11am PST today, Gold is trading at $1,255 per ounce, unchanged from yesterday...

GOLD This morning in Asian and European markets Gold broke through the $1,250 barrier, reaching a high of $1,261 per ounce on short covering. In U.S. markets, Gold saw some light selling at the $1,260 level. A lower stock market and weaker U.S. Dollar contributed to the Gold rally. At 11am PST today, Gold is up $6.50, trading at $1,255...

GOLD Today, Gold is trading in a narrow $9 high/low range, between $1,250 and $1,241 per ounce. Gold is preparing to quickly move above the key $1,250 per ounce resistance level early next week. At 11am PST today, Gold is trading at $1,249 per ounce, up $2 on average volume. SILVER The Silver price continues to show more strength than...

GOLD Today Gold made its second recent attempt to break above the key $1,250 resistance level, reaching a high of $1,253 per ounce before selling appeared. Price consolidation is very positive for Gold after the recent $50 rally. At 11am PST today, Gold is trading at $1,247 per ounce, down $2 on normal volume. SILVER Silver showed more strength than...

GOLD The rally continues as Gold made its first attempt to break the $1,250 resistance level in the past two weeks. I like what I’m seeing in professional trading activity. Most professional day traders have covered their short sales and are now buyers. At 11am PST today, Gold is trading at $1,249 per ounce, up $3 on average volume. SILVER...

GOLD The value of the U.S. Dollar and stock markets dropped today and Gold moved up $13 per ounce. Professional traders are beginning to think the Trump stock market rally has ended and are looking at precious metals. At 11am PDT today, Gold is up $13, trading at $1,246 per ounce on excellent volume. SILVER Silver followed Gold higher, reaching...

GOLD This morning Gold has traded in a very narrow trading range from $1,229 to $1,236 per ounce. I consider this as bullish base building trading, in light of last week’s $30 rally. At 11am PST today, Gold is trading at $1,233 per ounce, up $4 on normal volume. SILVER This morning Silver traded above and below the $17.40 per...

GOLD The Yellen rally continues with Gold reaching a high of $1,231.60 this morning. After this week’s $30+ gain in the price of Gold, it is good to see some consolidation in the price. This consolidation will allow Gold to build a base for the next leg up, back to the important $1,250 per ounce resistance level. At 11am PST...

GOLD Yesterday, during Chairman Yellen’s press conference, it was made clear that the four rate hikes the market was concerned about weren’t for sure. After this news the U.S. Dollar weakened, treasury bonds dropped, and Gold & Silver rallied. Gold quickly moved over $1,215 per ounce and kept going in after-market trading and Asian markets. At 11am PST today, Gold...