Daily Market Report

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...

GOLD After Gold’s recent rally and sell off, Gold appears to be consolidating in the $1,120 per ounce area. Today, Gold traded in a narrow $10 high/low range from $1,119 to $1,129 per ounce. At 11am PDT today, Gold is trading at $1,123 per ounce, down $5 on good volume. SILVER After hitting a six year low of $13.96 per...

GOLD Today, the World’s equity markets and the U.S. Dollar were stronger and the precious metals were weaker. Gold found excellent demand and bargain buyers at the $1,120 per ounce level this morning. At 11am PDT today, Gold is trading at $1,128 per ounce, down $12 per ounce on large volume. SILVER This morning Silver hit a six year low...

GOLD Today, as the U.S. Dollar strengthens against many of the world’s currencies and equity markets around the globe rallied, the Gold market corrected. After Gold rallied from $1,072 a month ago to $1,167 last week the price corrected to $1,134 per ounce this morning. At 11am PDT today, Gold is trading at $1,140 per ounce, down $15 per ounce...