Daily Market Report

GOLD Gold traded down to a low of $1,330 per ounce this morning before finding bargain buying. Physical and contract Gold demand continues to be strong in Asian, Middle Eastern, and European markets. At 11am PDT today, Gold is trading at $1,339.50 per ounce on average volume. SILVER Silver broke down below the $19 per ounce support level this morning...

GOLD Gold has been above and below the important $1,350 per ounce level all day. The Gold price continues to consolidate in the recent trading range. At 11am PDT today, Gold is trading at $1,345 per ounce, down $7 on light volume.   SILVER Silver reached a low of $19.23 per ounce this morning, before bargain buying appeared. At 11am...

GOLD After yesterday’s release of the Federal Reserve minutes, the luster came back into the Gold market. In Asian and European markets Gold found fresh buying, driving the overnight price up to $1,356.40 per ounce. Demand is solid in the physical and future contract exchange markets. At 11am PDT today, Gold is trading at $1,352 per ounce, up $8 on...

GOLD Another summer day with light commodity exchange volume, and another day of seeing Gold price consolidation. Gold traded today in a $8 high/how range, with a high of $1,348 and a low of $1,340. I believe Gold is building an extraordinary base for its next leg up, past the $1,400 per ounce level. Federal Reserve minutes are due out...

GOLD As I have stated numerous times, $1,350 per ounce is the key level for Gold. Gold reached a high today of $1,358 per ounce, before seeing some light profit taking. At 11am PDT today, Gold is up $8.50 per ounce, trading at $1,350.50 on average volume.   SILVER I feel like a broken record, Silver again attempted to break...

GOLD Gold continues to consolidate in a tight $9 per ounce trading range, from $1,335 to $1344 per ounce. After Gold’s 25% increase since the beginning of the year, it is very bullish for the price to be in a consolidation phase during the low volume summer months. At 11am PDT today, Gold is trading at $1,342 per ounce, up...

GOLD Both Gold and Silver rallied early in the day on weak U.S. economic data. On that news, Gold broke above the $1,350 level, but weekend selling drove the price back to $1,334. At 11am PDT today Gold is trading at $1,339, down $6 per ounce on good volume. SILVER Silver traded above $20 per ounce this morning on the...

GOLD Gold briefly broke above the important $1,350 per ounce resistance level this morning on a weaker Dollar. However, when the Dollar rallied, the Gold price dropped below $1,350, reaching $1,340 before finding sizeable demand. At 11am PDT today, Gold is trading at $1,345 per ounce, unchanged from yesterday on average volume. SILVER Silver tested the very important $20 level...

GOLD Based on a weaker U.S. Dollar and the anticipation of some weak economic news in the next few days, Gold rallied this morning. Gold reached a high of $1,357 before seeing some short term profit taking. At 11am PDT today Gold is trading at $1,345 per ounce, up $4 on good volume. SILVER Silver finally moved back above the...

GOLD Gold reached its recent $1,330 per ounce support level in Asian trading this morning. At that price fresh buying appeared, quickly rallying the price up $8 to $10 per ounce. At 11am PDT today, Gold is trading at $1,341 per ounce, up $5 on excellent volume. SILVER Silver is trading actively between $19.58 and $19.89 per ounce today. Demand...