Daily Market Report

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...

GOLD Gold and the DJIA both dropped today on concerns that some positive economic news will result in the Federal Reserve raising interest rates this month. At 11am PDT today, Gold is trading at $1,332 per ounce, down $5 on active volume. SILVER Silver followed Gold lower this morning, reaching a low of $19.22 before finding excellent demand. At 11am...

GOLD The Gold price is showing short term profit taking after the recent $40 rally. Gold traded between $1,335 and $1,350 per ounce today on excellent volume. At 11am PDT today, Gold is trading at $1,337, down $8 per ounce on excellent volume. SILVER Silver has found a good trading range from $19.50 on the low end to a resistance...

GOLD Gold is trading above and below the $1,350 per ounce price level this morning after yesterday’s $24 rally. Gold is trading in a $10 high/low price range, from $1,353 to $1,343 per ounce. At 11am PDT today, Gold is trading at $1,345 per ounce, down $4 on average volume. SILVER Silver reached a high today of $20.15 before seeing...

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...