Daily Market Report

GOLD Gold trading yesterday and today reminds me of watching paint dry. There is little to no activity, with a tight high/low price range ($1,168 to $1,160 per ounce) and very light trading volume. Why? Traders are focusing on news that may come out of the upcoming Federal Reserve meeting. The U.S. Dollar is also trading in a tight range...

GOLD Gold is consolidating today, trading in a very narrow $7 high/low trading range, with a high of $1,169 and low of $1,162 per ounce. At 11am PDT today, Gold is trading at $1,164 per ounce, up $1 on normal volume.   SILVER Silver is trading towards the upside this morning on fresh Asian demand. For the 12th time this...

GOLD Gold continues to consolidate in the tight trading range between $1,160 and $1,180 per ounce. I believe Gold will resume its recent rally to the higher end of the trading range next week. At 11am PDT Today, Gold is trading at $1,163 per ounce, down $4 on average Friday volume.   SILVER Silver showed excellent demand in early Asian...

GOLD Gold is trading in a very narrow $9 high/low trading range today. With an $1,163 per ounce low and $1,172 high, the Gold price is continuing to consolidate. Gold is definitely waiting for some fresh news that will give it direction. At 11am PDT today, Gold is trading at $1,167, up $1 on light volume.   SILVER Right now...

GOLD Gold reached a low this morning of $1,164 per ounce before see some light buying. Gold appears to be staying in its new trading range between $1,150 and $1,190 per ounce, awaiting some fresh news. Russia is increasing its Gold purchases, buying 34.2 metric tonnes of Gold in September. Read the article at: http://www.mintstategold.com/investor-education/russia_accumulates_more_gold/ At 11am PDT Today, Gold...

GOLD Reports that some of the World’s leading central banks are increasing their Gold buying have given support to the Gold price this morning. Gold reached a low of $1,167.30 in early Asian trading before the report was released and quickly rallied back to $1,180 before seeing some light selling. At 11am PDT today, Gold is trading at $1,175 per...

GOLD Gold sold off this morning by 1% in early Asian trading. After this month’s $68 increase, it is normal (and still bullish) to see the market establish a new higher trading range between $1,150 and $1,190 per ounce. At 11am PDT today, Gold is trading at $1,172 per ounce, down $10 on average volume.   SILVER Silver sold off...

GOLD Short term profit taking took the Gold price down to $1,175 this morning. At that point fresh buyers appeared and the market rallied $6, back above the $1,180 level. However, we have had a great week: up $23 for the week and up $65 for the month, plus Gold has broken above two resistance levels. I think we will...

GOLD Gold has moved higher seven of the last eight trading days, from $1,113 to $1,191 per ounce. Today, the breakout continues with Gold reaching a high of $1,191.80 per ounce on its way to test the long term $1,200 resistance level. What is driving the Gold price higher is short covering and fresh buying. A firm move above $1,200...

GOLD $1,200 per ounce here we come. Yesterday’s rally above the $1,166 to $1,175 is causing a sizeable amount of professional short covering that could easily send the price up to $1,200 very soon. Today, Gold moved above $1,180, well above the 200 Day Moving Average of $1,176 per ounce. At 11am PDT today, Gold is up $16.50, trading at...