Daily Market Report

GOLD I believe Gold bottomed out yesterday at $1,211 per ounce, after its recent $80 decline. In the face of a stronger U.S. Dollar and higher interest rates, Gold has stayed between $1,220 and $1,230 per ounce today with fresh buying. Worldwide, Gold demand has picked up dramatically ahead of a Trump presidency. At 11am today, Gold is trading at...

GOLD A sharp increase in the value of the U.S. Dollar combined with a move up in interest rates kept Gold on the defensive. Gold hit a low of $1,211 per ounce in late Asian and European trading. Gold rallied in New York trading reaching a high of $1,230 per ounce. At 11am PDT today, Gold is trading at $1,222...

GOLD Since Tuesday night when Gold reached a high of $1,355 the price has sold off dramatically. What happened? Some One or some Nation has sold over $10 billion worth of future contracts (85,000 contracts) into the world’s commodity markets in the past three days. Many nations are replacing their Dollar holdings by building their Gold reserves. One of these...

GOLD Over the past two days the trading volume in Gold/Silver equities, options, futures and physical products has been extraordinarily high. I haven’t seen this much price volatility in precious metal markets in years. While many investors are buying at a record pace, there are major players selling into the market to temporarily hold the prices down. I look for...

GOLD With the historic election last night resulting in Donald Trump winning the presidency, I’d like to recall some of what I discussed earlier in this week’s Market Report. With the Republicans taking control of the White House, Senate, and Congress, the world started trading in record numbers last night in after hours trading, based on the fear of what...

GOLD For most of today Gold has traded between $1,273 and $1,283 per ounce. Most precious metal traders are focused on the presidential election to give them a short-term direction. At 11am PDT today, Gold is trading at $1,275 per ounce, down $6 on average volume. SILVER This morning Silver has been showing a little more demand than Gold. Silver...

GOLD Today the U.S. Dollar and equity markets rallied as Gold dropped based on news that Hillary Clinton received an 11th hour boost by the FBI’s decision not to continue her email investigation. The FBI stated that upon further examination of emails there would be no criminal charges warranted. At 11am PDT today, Gold is trading at $1,281 per ounce...

GOLD The U.S. economy keeps running along with an additional 161,000 new jobs reported for October. But with only four days remaining to the election, it remains the key issue that is effecting the price of Gold and Silver. I would recommend reading this article Gold May Be the Only Winner in US Elections. At 11am PDT today, Gold trading...

GOLD Gold has been trading above and below the important $1,300 per ounce resistance/support level all day. The focus of many precious metal traders is on the election polls which recently has been favorable for Donald Trump, driving the Gold price higher. At 11am PDT today, Gold is trading at $1,301 per ounce, down $3 on active volume. SILVER Silver...

GOLD Gold has moved above the important $1,300 per ounce resistance level after recent results show Donald Trump narrowing in on Clinton’s lead in election polls. We’re also waiting until 11am PDT for the Fed to announce their update on how they want to affect interest rates. This can certainly affect the value of the U.S. Dollar and Gold depending...