Daily Market Report

GOLD Gold is consolidating today in a tight $7.50 High/Low range, after the $30 rally earlier this week. I look for the Gold price to test the $1,350 per ounce resistance level next week, as it appears that the bulls are back in control. At 11am PDT today, Gold is trading at $1,338 per ounce, down $2 on average volume...

GOLD The Gold rally continues after yesterday’s Federal Reserve announcement. Demand in Asian, European and U.S. markets has picked up sharply today as the price moves higher. At 11am PDT today, Gold is up $14 per ounce, trading at $1,340 per ounce on strong volume. SILVER Silver has been above and below the key $20 support/resistance level today, reaching a...

GOLD The Gold price jumped $10 this morning after the Bank of Japan announced they will be introducing a zero interest rate target for ten-year government bonds. With most of the world’s largest central banks going to zero or negative interest rates, it will be very difficult for the Fed to increase interest rates. The Federal Reserve stated today that...

GOLD The Gold market price is treading water in a very tight $7 high/low price range all day awaiting tomorrow’s Fed announcement. As we look forward to the next few weeks, tomorrow will be a very important day for precious metal prices. However, I don’t believe that the Federal Reserve report will affect the long term because Gold’s fundamentals are...

GOLD This morning Gold opened higher due to a weaker U.S. Dollar. There are still concerns that the Fed (which is meeting on Tuesday and Wednesday) is expected to give a clear signal of future interest rate increases to come, possibly in December. At 11am PDT today, Gold is trading at $1,314 per ounce, up $6 on excellent volume. SILVER...

GOLD Gold continues to decline ahead of next week’s Federal Reserve announcement about interest rates. Gold is likely to test the key $1,300 per ounce major support level early next week. At 11am PDT today, Gold is trading at $1,308 per ounce, down $9.50 on average volume. SILVER Silver continues to follow the price direction of Gold, hitting a low...

GOLD Most traders in the world’s Gold trading pits are on hold awaiting next week’s Federal Reserve statement on the direction of short term interest rates. Gold did reach a low of $1,309.70 per ounce in early Asian trading. At 11am PDT today, Gold is trading at $1,317.50 per ounce, down $4.50 on average volume. SILVER Silver continues to trade...

GOLD Gold appears to be stabilizing in a tight trading range of $1,316 to $1,326 per ounce. The market is waiting for next week’s Federal Reserve announcement on interest rates. At 11am PDT today, Gold is trading at $1,322 per ounce, up $1 on average volume. SILVER Again, Silver has had far more volatility than Gold in today’s trading. Silver...

GOLD Another up/down trading day in precious metals and equities based on Federal Reserve statements about changing interest rates. Gold rallied to $1,332.50 per ounce before the Fed statement and quickly moved down to $1,319.50. Gold found bargain buyers and remains in a tight trading range. At 11am PDT today, Gold is down $4, trading at $1,321 per ounce on...

GOLD This morning Gold opened lower while trading in a narrow $10 high/low range, between $1,320 and $1,330 per ounce. Physical demand for Gold investment products is growing in Asian, European, and U.S. markets. At 11am PDT today, Gold is trading at $1,325, down $7 on active volume.   SILVER Silver reached a low this morning of $18.71 per ounce...