Daily Market Report

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...

GOLD Gold quickly rallied $14 per ounce, reaching a high of $1,259, today as investors sought the protection of safe haven assets. This rally occurred shortly after the deadly bomb attacks which hit the airport and metro train station in Brussels this morning. The Gold price could not sustain the move above the key $1,250 per ounce resistance/support level, which...

GOLD Gold has traded between $1,241 and $1,256 per ounce today. The World Gold Council continues to report that physical demand from private investors, traders, mutual funds and central banks remain strong. At 11am PDT today, Gold is trading at $1,244 per ounce, down $12 on light volume.   SILVER This morning Silver has ignored the lower Gold price and...

GOLD Gold moved to $1,267 per ounce in early Asian trading. When the Gold market opened in Europe and the U.S. we saw normal weekend selling and the market moved down to the $1,250 per ounce support level. At 11am PDT today, Gold is trading at $1,256 per ounce, down $7 on average weekend volume.   SILVER This morning Silver...