Daily Market Report

GOLD Wow! Gold traded at a low of $1,251 late yesterday afternoon, as it appeared that the British were going to vote to stay in the European Union. Some market analysts were predicting that Gold could test the $1,200 long term support level if the Brexit vote was to remain in the Union. However, at about 6pm PDT, the Brexit...

GOLD Gold is trading in a tight range awaiting the results of the Brexit vote in Great Britain. For most of the day, Gold has been in the $1,257 to $1,266 range. The trading bias is favoring that the British will be stay in the European Union. At 11am PDT today, Gold is down $5 per ounce, trading at $1,261...

GOLD For most of today’s Asian and European trading, Gold has stayed in a narrow $10 high/low trading range. The precious metal markets are waiting for direction from tomorrow’s Brexit vote or any comments from Janet Yellen on future interest rates. At 11am PDT today, Gold is trading at $1,266 per ounce, down $4 on average volume. SILVER Silver reached...

GOLD The latest poll from Great Britain is showing that British citizens are going to vote to stay in the European Union (Brexit) on Thursday. That poll caused Gold to sell-off, reaching a low of $1,265 per ounce before major buying appeared. At 11am PDT today, Gold is down $18, trading at $1,270 per ounce on heavy volume. SILVER Silver...

GOLD This morning Gold tested the $1,280 support level, reaching a low of $1,277. The support level held and the Gold price quickly rallied back to $1,288 per ounce. I believe the market will trade in a tight range awaiting news from Janet Yellen’s testimony to Congress this Wednesday and Thursday, and the Brexit vote in Great Britain also on...

GOLD Yesterday we had a lot of trading volatility in the world’s Gold markets. Gold reached a new 2016 high of $1,316.40, but ended the day trading at $1,281.20 per ounce. This short term profit taking happened quickly on a high volume of over 354,558 hundred-ounce CME Gold contracts. This morning, Gold reached a low of $1,278.90 before bargain buyers...

GOLD Yesterday’s press conference from Federal Reserve Chairman Janet Yellen was very bullish for Gold. Chairman Yellen’s biggest surprise was the lack of any hint that the Fed is ready to raise interest rates any time soon. There was speculation that the Fed would raise interest rates in July, after Yellen’s press conference it has now been pushed out to...

GOLD Gold is trading in a tight $10 high/low range, from $1,288 to $1,278 per ounce. I believe the Gold market is waiting for Janet Yellen’s press conference to give it some firm direction.There is a great article on why George Soros is making a big bet on Gold, click on the following link to read it: George Soros Making...

GOLD Gold is trading between $1,276 and $1,290 per ounce today as it consolidates its recent gains. Gold could get a further boost if a June 23rd vote by Britain to leave the 28-member European union (dubbed "Brexit") pushes Europe back into a recession. At 11am PDT today, Gold is up $4 per ounce, trading at $1,285 on excellent volume...

GOLD During Asian trading this morning, Gold hit a high of $1,287 per ounce. Today’s precious metal rally was caused by a weaker U.S. Dollar and weaker European stock markets.These weaknesses are based on concerns over a central bank meeting this week and the June 23 vote on whether Britain should leave the European Union. At 11am PDT today, Gold...