Daily Market Report

GOLD The Gold price increased $12 this morning as global demand heated up and the European stock markets declined sharply, causing the U.S. Dollar to weaken. The German stock market dropped after data showing the biggest decline in German factory orders for six months suggested that Europe’s biggest economy is becoming caught up in a global slowdown. The U.S. Dollar...

GOLD This morning Gold has traded between $1,214 and $1,223 on normal volume. The big question that traders are asking is: “Will Gold test the $1,200 per ounce support level?” At 11am PDT today, Gold is trading at $1,218 per ounce, down $4 on average volume.   SILVER Silver is showing active physical demand as the price trades above and...

GOLD After the March job numbers were released early this morning both the Gold and Silver price got hit. A good jobs number makes analysts anticipate that the Federal Reserve could raise interest rates quicker than originally thought. After the news Gold was quickly sold down to $1,209 before finding major buying. At 11am PDT today, Gold is down $11...

GOLD Gold continues to find excellent demand at this price. Gold has increased $175 (16.5%) since the beginning of the year. That is the largest quarterly gain for Gold since 1986, and the rally will continue. At 11am PDT today, Gold is up $6, trading at $1,233 per ounce on good volume.   SILVER Silver is showing excellent demand today...

GOLD After reaching a high of $1,243 per ounce in early Asian trading Gold has slipped into a $1,225 to $1,240 trading range today. At 11am PDT Today, Gold is trading at $1,227, down $10 on average volume.   SILVER Silver is showing excellent physical and future contract demand above $15.20 per ounce. At 11am PDT today, Silver is down...

GOLD Federal Reserve Chair, Janet Yellen, said this morning that the Fed still envisions a gradual pace of interest rate increases in light of global pressures that could weigh on the U.S. economy. She said that given the risks, the Fed will "proceed cautiously" in raising rates. This was bullish news for the Gold and Silver markets. Gold quickly rallied...

GOLD This morning Gold reached a low of $1,208 per ounce in early Asian trading. At that price bargain buying appeared and the price quickly rallied $10 per ounce. At 11am PDT today, Gold is trading at $1,220 per ounce, up $1.50 on good volume.   SILVER Silver fell with Gold in early Asian trading, hitting a low of $15.13...

GOLD Markets are closed today for Good Friday. Gold traded lower reaching $1,218.50 in Asian trading. That’s down $3.50 from Thursday’s close.   SILVER We are calling Silver at $15.21 per ounce, down $0.01 at 11am PDT today.

GOLD Gold has traded in a narrow price range on low volume, which is typical ahead of a holiday weekend. Gold reached a low of $1,212.70 in early Asian trading before finding bargain buyers. At 11am PDT today, Gold is trading at $1,222 per ounce, down $2 on light volume.   SILVER The Silver price is mirroring Gold today, also...

GOLD Today the Gold price fell $30 to its lowest price in weeks, as the dollar strengthened following hawkish comments by Federal Reserve Bank of Philadelphia President Patrick Harker. Harker said the Fed needs to get on with rate hikes and should consider a move in April. This now brings the total to four regional Fed Presidents who have rebuffed...