Daily Market Report

GOLD In the face of a strong U.S. Dollar, Gold is consolidating in a narrow range between $1,221 and $1,234 per ounce today. Fed Chairwoman, Janet Yellen, testified to congress, confirming that the Fed is still considering 2 to 3 interest rate increases, based upon economic data. At 11am PST today, Gold is trading at $1,223 per ounce, down $2...

GOLD A strong U.S. Dollar and equity market caused Gold to sell-off this morning. Gold reached a low of $1,220 per ounce and found bargain buyers. Gold continues to show excellent support and I look for this retracement to be brief. At 11am PST today, Gold is trading at $1,225 per ounce, down $8 on good volume. SILVER Silver briefly...

GOLD In early morning Asian trading, the U.S. Dollar rallied and Gold/Silver sold off. Gold reached a low of $1,221 per ounce, at which point it quickly rallied $10 in the face of a strong U.S. Dollar. At 11am PST today, Gold is trading at $1,233 per ounce, down $2 on average volume. SILVER Silver was briefly brought above the...

GOLD Today Gold has been trading between $1,230 and $1,244 per ounce, showing excellent support. Gold is also showing good consolidation today, as it builds a higher base for a move to $1,250 this month. At 11am PST today, Gold is trading at $1,235 per ounce, down $4 on good volume. SILVER Silver hit support this morning at $17.60 per...

GOLD The Gold rally continues, moving to $1,244 per ounce this morning and heading to the next resistance level of $1,250 very soon. What is interesting about the current rally is that it it happening in the face of a strong U.S. Dollar, which is normally a negative factor. At 11am PST today, Gold is trading at $1,239 per ounce...

GOLD After yesterday’s $11 rally, Gold is consolidating this morning in a narrow $8 high/low range. It’s very healthy for Gold to trade in the current range while it builds a base for the first attempt at the $1,250 per ounce resistance level. At 11am PST today, Gold is trading at $1,234 per ounce, up $3 on excellent volume. SILVER...

GOLD Gold opened higher this morning, reaching a new 2017 high of $1,232.40 per ounce, with active trading. Today, we saw this year’s first test of the $1,230 resistance level, and I believe we will see $1,250 before the end of the month. At 11am PST today, Gold is up $13 per ounce, trading at $1,231 on excellent volume. SILVER...

GOLD I continue to be impressed by the price activity in the Gold market. Every time the Gold price has a brief sell-off and reaches support, strong buying appears and the market rallies back. In late trading yesterday, Gold reached a 2017 high of $1,224 per ounce, and is trading in an narrow range today. At 11am PST today, Gold...

GOLD Late yesterday the U.S. Federal Reserve gave a report with no clear signal for the direction of interest rates in the near future. This report caused the U.S. Dollar to reach a 12-week low and Gold to rally in Asian, Middle Eastern and European markets, reaching $1,225 per ounce. Gold is now trading at a new 2017 high. At...

Gold For most of today, Gold has been trading from $1,200 to $1,212 per ounce, consolidating above the support level. With China’s Gold markets on holiday because of the Chinese New Year, the Asian volume is very thin. At 11am PST today, Gold is trading at $1,205 per ounce, down $6 on average volume. Silver As Gold sold off this...