Daily Market Report

GOLD In early trading, the Gold price broke below the important $1,300 per ounce level after upbeat U.S. manufacturing data stoked expectations that the Federal Reserve would hike interest rates by year-end, driving the Dollar higher. After Gold broke below the $1,300 level, sell stops were triggered and professional traders shorted Gold which quickly drove the price lower, reaching $1,281.50...

GOLD This morning Gold is trading in a very narrow $9 high/low price range. Gold has found excellent support around $1,310, but resistance at $1,319 per ounce. At 11am PDT today, Gold is down $3 per ounce, trading at $1,312 per ounce on average volume. SILVER Silver continues to trade above and below the important $19 per ounce support level...

GOLD Gold is showing good physical demand and price support above the key $1,300 per ounce level. At 11am PDT today, Gold is trading at $1,315 per ounce, down $7 on normal volume. SILVER This morning Silver found major buyers at its low of $19.04 per ounce in Asia and Europe. The price rallied $0.30 above its low as demand...

GOLD Concerns about the financial health of Deutsche Bank, one of Germany’s largest banks, has caused our equity markets to decline and has increased demand for precious metals. Gold traded in a narrow $10 high/low range on good volume. At 11am PDT today, Gold is trading at $1,324 per ounce, up $1 on good volume. SILVER For the most of...

GOLD Gold declined this morning as the U.S. Dollar continued its rally after Monday’s presidential debate polls showed Clinton was a clear winner. Gold reached a one week low of $1,318 per ounce in Asian trading this morning before serious buying appeared. At 11am PDT today, Gold is down $4 per ounce, trading at $1,323 on normal volume. SILVER Silver...

GOLD After last night’s presidential debate, Clinton’s positive performance caused the U.S. Dollar and stocks to rally sharply. Gold declined today, testing its $1,325 support level, but found excellent support at that level. At 11am PDT today, Gold is trading at $1,327 per ounce, down $13 on average volume. SILVER Silver tested it’s $19 per ounce support level this morning...

GOLD This morning Gold continues to build its base in the $1,340 per ounce price area. Physical demand for Gold investment products is growing in Asia and Europe. At 11am PDT today, Gold is trading at $1,340 per ounce, up $2 on average volume. SILVER Silver tested its recent support level of $19.40 this morning, reaching a low of $19.39...

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...