Daily Market Report

GOLD Gold is trading within its current price range of $1,340 and $1,380, building an excellent base for the next move upward. I believe that Gold will reach the important $1,400 per ounce resistance level by month end. At 11am PDT today, Gold is trading at $1,356 per ounce, down $4 on average volume. SILVER Silver is doing excellent, staying...

GOLD The U.S. economy added 287,000 jobs in June, rebounding from May, causing U.S. unemployment to reach 4.9%. Normally, an increase in the number of U.S. jobs would be negative for Gold because it means the economy is improving. Gold’s bullish bias, however, is over shadowing the news. At 11am PDT today, Gold is trading at $1,360 per ounce, up...

GOLD Gold tested its $1,350 per ounce support level this morning, reaching a low of $1,351 before buyers appeared. Gold has excellent support around the $1,350 per ounce range, and the current resistance level is $1,380. I still look for Gold to reach $1,400 per ounce this month. At 11am PDT today, Gold is trading at $1,358, down $9 per...

GOLD Gold reached a new 2016 high of $1,375.50 per ounce before seeing some short term profit taking. Demand continues to be strong on both physical and commodity markets. At 11am PDT today, Gold is trading at $1,367 per ounce, up $12 on excellent volume. SILVER Silver has been trading actively above and below the key $20 per ounce support/resistance...

GOLD Gold has seen very active trading in Asia and Europe this morning, ranging from a high of $1,360 to a low of $1,345 per ounce. Both physical and paper Gold demand continue to increase from European and Asian investors. Brexit physical Gold buying in Great Britain is at record levels. British Gold sovereigns are big sellers in coin stores...

GOLD What a great start to July. With Gold’s demand, the price is moving higher. Between European, Middle Eastern and Asian demand, the price of Gold is moving and on its way to $1,400 per ounce. Gold is at a record high in many other countries’ currencies. Considering the 2011 high of $1,920 per ounce for Gold in U.S. Dollars...

GOLD After an increase of $101 per ounce in the month of June, Gold is consolidating in a narrow $10 high/low trading range today. Surprisingly, physical demand for Gold investment products continues to be strong, even in the summer. Concerns about Brexit are causing Gold/Silver buyers to get aggressive. At 11am PDT today, Gold is down $5, trading at $1,319...

GOLD The Asian buyers came back this morning, taking the spot Gold price up to $1,328 per ounce. Buying remains strong in the European and U.S. physical and paper Gold markets. At 11am PDT today, Gold is trading at $1,324 per ounce, up $8.50 on good volume. SILVER The Silver price continues to outperform the Gold price, reaching a new...

GOLD Gold tested its support level this morning, reaching a low of $1,305 per ounce. The $1,300 major support level held and the price quickly rallied back. It’s good to see Gold consolidating in the $1,305 to $1,335 per ounce price range after last week’s major rally. Physical Gold demand continues to grow around the globe, with reports of increased...

GOLD Asian markets are showing excellent support of Friday’s $57 per ounce Gold rally. Gold reached a high of $1,335 per ounce in Asian trading this morning. As the markets in Europe opened, Gold held firm as equity markets (especially bank stocks and financial institutions) dropped. Many of the European currencies continued to decline. At 11am PDT today, Gold is...