Daily Market Report

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...

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...