Daily Market Report

GOLD This morning Gold opened strong in Asian trading and continued that strength in European and U.S. markets. Gold demand from jewelry manufactures showed dramatic pick up after the August holidays. Gold reached a high of $1,352.20 on excellent demand. At 11am PDT today, Gold is up $24 per ounce, trading at $1,349 per ounce on heavy volume. SILVER Silver...

GOLD This morning’s weaker than expected U.S. Jobs report, showing an increase of only 151,000 jobs in August, was bullish for precious metals. This report strengthens the argument of those who say there will not be an interest rate hike anytime soon. After reaching a 2-month low of $1,302 on Thursday, Gold rallied this morning after the U.S. Jobs report...

GOLD Gold reached a low of $1,302 in early Asian trading. At that point bargain buyers appeared and quickly took the price up $10 per ounce. As we approach the holiday weekend, it will be interesting to watch the Asian and European markets trading on low volume. At 11am PDT today, Gold is trading at $1,313 per ounce, up $5...

GOLD It appears that Gold is working its way down to the $1,300 per ounce major support level. Light trading volume (ahead of a holiday weekend) combined with a stronger U.S. dollar has resulted in a slow decline in the Gold price. At 11am PDT today, Gold is trading at $1,308 per ounce, down $5 on average volume. SILVER Silver...

GOLD A stronger U.S. Dollar and improving U.S. economic news drove the Gold price down this morning. As we approach the Labor Day holiday weekend, the trading volume is weakening. At 11am PDT today, Gold is trading at $1,313 per ounce, down $10 on light volume. SILVER Silver tried to break above the $19 per ounce resistance level this morning...

GOLD With Labor Day just a week away, market activity is relatively good today; trading volumes are normal and Gold has been on a slow and steady incline. Gold reached a low of $1,315 per ounce this morning. The Gold price then rallied back to its recent trading range in European markets as demand picked up. At 11am today, Gold...

GOLD Gold continues to trade in the $1,320 to $1,340 per ounce price range. This morning in overseas trading, the bulls and bears are still trying to take control of the short term price direction. At 11am PDT today, Gold is unchanged, trading at $1,322 per ounce on light volume. SILVER This morning Silver briefly moved above the key $19...

GOLD With improving U.S. economic news and statements by Federal Reserve Governors, the Gold/Silver prices were down in early trading. The concern is that the Fed would be raising interest rates sometime this year. Gold reached a low of $1,316.50 this morning before seeing sizeable buying. At 11am PDT today, Gold is trading at $1,322 per ounce, down $4.50 on...

GOLD The Gold price sold off this morning, reaching a low of $1,324.80 per ounce. Gold’s decline was caused by a stronger U.S. Dollar and concerns about a speech by Federal Reserve Chair Janet Yellen this weekend, which will be closely watched for further clues on U.S. interest rate policy. At 11am PDT today, Gold is trading at $1,326.50 per...

GOLD Today, Gold has traded in a narrow $10 high/low price range, from $1,345 to $1,335 per ounce. Gold showed excellent support yesterday above the $1,330 per ounce level. At 11am PDT today, Gold is trading at $1,342 per ounce, up $3 on average volume. SILVER Silver briefly broke above the key $19 per ounce resistance level this morning, reaching...