Daily Market Report

GOLD Gold tested its $1,100 per ounce support level this morning in early Asian trading. Gold reached a low of $1,098.70 before sizeable demand appeared driving the price back up to $1,110 per ounce. At 11am PDT today, Gold is trading at $1,104.50 per ounce, down $5.50 on average Friday volume. SILVER When Gold broke the $1,100 per ounce support...

GOLD Gold attempted to break its important $1,100 support level this morning, reaching a low of $1,104 in early Asian trading. At that point, demand and volume increased, driving the price back to $1,110 per ounce. The recent weakness in the Gold price has been caused by strong U.S. economic data, and outflows from bullion-backed exchange traded funds sapped investor...

GOLD Today, Gold fell to a three-week low of $1,101.30 as many of the world’s stock markets strengthened and the U.S. Dollar moved higher. The $1,100 level is an important support price for Gold. After reaching today’s lows the Gold demand increased. At 11am PDT today, Gold is down $17 per ounce, trading at $1,106 per ounce on heavy volume...

GOLD Fresh buying hit the Gold market this morning, as the price bottomed out overnight in the Asian markets at $1,118 per ounce. Gold continues to stay above the key short term support level of $1,120 per ounce. At 11am PDT today, Gold is trading at $1,123, unchanged from last Friday on excellent volume. SILVER Silver looks to be taking...

GOLD It was reported today that the U.S. economy added 173,000 jobs in August, and the unemployment rate has fallen to 5.1%. Initially, this news drove the price of Gold down to $1,117, below the key $1,120 support level. However, buying appeared at the lows and the price rallied back to $1,125 per ounce. At 11am PDT today, Gold is...

GOLD Gold tested its $1,120 per ounce support level this morning and held. Gold’s recent short term trading range is between $1,120 to $1,150 per ounce. It is important that Gold holds that range for now. At 11am PDT today, Gold is trading at $1,125 per ounce, down $10 on average volume. SILVER Silver has been showing more price support...

GOLD After a three day rally, Gold has settled back into its $1,120 to $1,150 trading range. Today Gold is trading in a narrow $10 high/low range between $1,132 and $1,142, showing excellent consolidation. At 11am PDT today, Gold is trading at $1,135 per ounce, down $5 with average trading volume. SILVER Silver continues to show heavy demand in the...

GOLD For most of today’s trading Gold has held between $1,135 and $1,142 an ounce. This is excellent consolidation for the Gold price and I look for a break above the $1,150 resistance level soon. At 11am PDT today, Gold is trading at $1,140 per ounce, up $6 on average volume. SILVER Silver is staying above $14.50 per ounce on...

GOLD Gold is trading in a narrow $10 high/low range, from $1,125 to $1,135 per ounce. At 11am PDT today, Gold is trading at $1,134 per ounce, up $1 on average volume. SILVER Silver found excellent demand below $14.50 per ounce on Asian markets in early trading. Physical demand continues to grow, as investors want to buy Silver investment products...

GOLD Gold continues to consolidate within its recent trading range of $1,120 to $1,150 per ounce. Trading volume has been increasing since Gold hit its support level of $1,120 yesterday. At 11am PDT today, Gold is trading at $1,133 per ounce, up $10 on average volume. SILVER Silver continues its move higher after hitting a six year low of $13.96...