Daily Market Report

GOLD With the Dow-Jones hitting a new high (over 20,000 points) and the U.S. Dollar rallying, Gold sold off, dropping below the key $1,200 level. The U.S. commodity markets showed an increase in trading volume, while Gold traded actively between $1,194 and $1,204. At 11am PST today, Gold is down $12 per ounce, trading at $1,198 with excellent volume. SILVER...

GOLD Even with the dollar up today, Gold is developing a good base over the $1,200 level, trading around the $1,210 per ounce. As we continue to see more announcements from President Trump, I expect to see more volatility in the markets, which will be good for Gold in the long term. At 11am PST Gold is trading at $1,210...

GOLD The 2017 Gold rally continues as we see a weaker U.S. Dollar trading at a six-week low. Strong Asian and Middle-Eastern demand took Gold to $1,219 per ounce in early trading. At 11am PST today, Gold is trading at $1,215 per ounce, up $10 on excellent volume. SILVER This morning Silver followed Gold’s lead, moving to a high of...

GOLD For most of the trading day, Gold has stayed above the important $1,200 support level. I really like the way Gold has traded this week, showing good volume and consolidation. I believe Gold will break out above the recent high of $1,216 and move to the $1,225 level. At 11am PST today, Gold is trading at $1,206 per ounce...

GOLD Gold did test its $1,200 per ounce support level earlier this morning, reaching a low of $1,196 before major buying kicked in. I continue to look for Gold to trade in the $1,200 to $1,224 range, building a base for the next leg higher. At 11am PST today, Gold is trading at $1,202 per ounce, down $9 on good...

GOLD The Gold price showed excellent support today, trading between $1,210 and $1,218 per ounce on good volume. I expect to see Gold test the $1,200 resistance level this week and hold. It would be healthy for the market to stay in the $1,200 to $1,225 this week, building a base for the next leg higher. At 11am PST today...

GOLD The 2017 Gold rally continues. A weaker U.S. Dollar and bond yields, combined with fresh Asian buying, took Gold to $1,219 per ounce in early trading. At 11am PST today, Gold is trading at $1,213 per ounce, up $17 on excellent volume. SILVER This morning there was heavy Silver buying in Asian, Middle Eastern, and European markets. Silver reached...

GOLD This morning saw the second attempt for Gold to break above the key $1,200 resistance level, with Gold reaching $1,201 per ounce. Friday is a good day for traders to close any open positions in the futures market, so seeing Gold’s price consolidation in the $1,195 range is good. I believe Gold will continue its 2017 rally, firmly moving...

GOLD This morning Gold broke above the key $1,200 per ounce resistance level for the first time in 2017. Gold reached a high of $1,206 per ounce. This break was a little earlier than I expected, and was met with some professional short selling, which took the price below $1,200 per ounce. At 11am PST today, Gold is trading at...

GOLD After President-Elect Trump gave a news conference, Gold made its first attempt to break above the key $1,200 per ounce resistance level. Gold demand remains strong and the price reached a high today of $1,198 per ounce. At 11am PST today, Gold is trading at $1,194 per ounce, up $8 on good volume. SILVER Today, Silver continues to build...