Daily Market Report

GOLD Gold has traded between $1,230 and $1,243 per ounce today, consolidating the price on average volume. Gold reached a low of $1,210 on April 1st, but never tested the important $1,200 per ounce support level. Physical demand remains strong, while global monetary policy remains loose, which is excellent for Gold. At 11am PDT today, Gold is trading at $1,241...

GOLD Late yesterday the FOMC released the March Fed meeting minutes. These minutes are very important because it provides clues to the future direction of U.S. interest rates. The minutes showed that Chairman Janet Yellen is unlikely to raise rates this month, and the balance of the year is a big question mark. Gold reacted to this news in Asia...

GOLD For most of the day Gold has been trading in a narrow range between $1,220 and $1,230 per ounce. At 11am PDT today, Gold is trading at $1,223 per ounce, down $5 on average volume.   SILVER Silver tested the $15 per ounce level again this morning, reaching a low of $14.92 before rallying back over the $15 resistance/support...

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...