Daily Market Report

GOLD Gold rallied today on a weaker U.S. Dollar and new presidential polls showing an improvement for Donald Trump election chances. Gold reached a high of $1,291.30 this morning before seeing short term profit taking. At 11am PDT today, Gold is trading at $1,287 per ounce, up $13 on excellent demand. SILVER In early trading today, Silver moved above the...

GOLD Today Gold traded within a narrow $8 high/low price range, between $1,279 and $1,271 per ounce. The U.S. 3rd quarter Gross Domestic Product (GDP) positive numbers were released late on Friday. Our economy grew by 2.9%, the fastest pace in the past two years. At 11am PDT today, Gold is trading at $1,274, down $8 per ounce on average...

GOLD Gold moved up $13 after reports of new Clinton emails that may affect her election chances. In my 10/31/16 Weekly Market Report, I will provide my opinion of how the presidential election results will affect the prices of Gold and Silver. At 11am PDT today, Gold is up $11, trading at $1,282 per ounce on excellent Friday volume. SILVER...

GOLD We are now ending the third week in a row that Gold has traded between $1,250 and $1,275 per ounce. This consolidation is very supportive of a major rally as we move into November. At 11am PDT today, Gold is trading at $1,269, up $2 per ounce on normal volume. SILVER Silver, like Gold, has been trading in a...

GOLD Gold is trading in a narrow $12 high/low range today between $1,276 and $1,264 per ounce. Traders continue to wait for news from the Federal Reserve or on the presidential election. At 11am PDT today, Gold is down $6, trading at $1,267 per ounce on normal volume. SILVER Silver sold off this morning, reaching a low of $17.55 before...

GOLD Gold continues its move back towards the $1,300 per ounce resistance level. Gold demand is picking up in both the physical and futures markets. At 11am PDT today, Gold is trading at $1,273 per ounce, up $10 on excellent volume. SILVER Silver followed Gold’s rally, reaching a high of $17.83 per ounce. $18 per ounce is an important resistance...

GOLD Gold opened unchanged in Asia and traded in a narrow $8 range as it moved into the Middle East and Europe. $1,260 per ounce is showing to be an excellent support level. At 11am PDT today, Gold is trading at $1263, up $4 on above average volume. SILVER Silver reached a high this morning of $17.89 per ounce before...

GOLD Gold continues to trade in a narrow high/low price range, awaiting news that will give it short term direction. This morning Gold hit a high of $1,268 and a low of $1,261 per ounce, only a $7 range. At 11am PDT today, Gold is trading at $1,267 per ounce, unchanged from Thursday’s close on average volume. SILVER Silver has...

GOLD After this week’s $20 Gold rally, the markets are consolidating in a narrow $10 high/low trading range. I look for Gold to firmly move back above the $1,270 level quickly and continue on to the $1,300 level. At 11am PDT today, Gold is trading at $1,267 per ounce, down $2 on average volume. SILVER Silver is comfortable trading above...

GOLD The Gold/Silver rally continues with Gold moving over $1,270 this morning on excellent demand from Asia, the Middle-East and Europe. Gold hit a high of $1,273.50 before seeing some light short term profit taking. At 11am PDT today, Gold is trading at $1,269.50 per ounce, up $7.50 on excellent volume. SILVER Silver continues to show good consolidation in the...