Daily Market Report

GOLD Physical demand for Gold investment products has increased over the past week as prices remain at the current lows. Many of the commodity traders are waiting for a decision this weekend on the Greek debt crisis. At 11am PDT today, Gold is trading at $1,175.20, up $1.43 on average Friday type volume. SILVER Silver continues to trade under the...

GOLD Gold continues to consolidate by trading in a very narrow $7 high/low price range. Today’s Gold price high was $1,178 with a low of $1,171 per ounce. Many traders are waiting for this weekend’s decision on the Greek debt problem. At 11am PDT today, Gold is trading at $1,173, down $2 per ounce on average volume. SILVER Silver tested...

GOLD Gold traded today in a very narrow $9 high/low price range, with a high of $1,180 and a low of $1,171 per ounce. After a few days of consolidation, I would like to see Gold rally back above the $1,180 per ounce. At 11am PDT today, Gold is down $1, trading at $1,175 per ounce on good volume. SILVER...

GOLD The U.S. Dollar continues its recent rally versus the Euro, causing Gold to sell off. Hopes of Greece reaching a deal with creditors to stave off default is negatively affecting Gold. At 11am PDT today, Gold is trading at $1,176 per ounce, down $9 per ounce on average volume. SILVER This morning Silver broke below the key $16 per...

GOLD This morning’s strong U.S. Dollar versus the Euro and Yen, plus weaker demand for physical Gold, has resulted in a drop of $14 per ounce. Signs of progress in the Greek debt negotiations also put pressure on the Gold price. At 11am PDT today, Gold is down $17, trading at $1,185 per ounce on light volume. SILVER This morning...

GOLD Gold has traded today in an amazingly tight $6 high/low price range. I hope that Gold will continue to stay above the important $1,200 next week. At 11am PDT today, Gold is trading at $1,202 per ounce (unchanged from Thursday’s close) on Friday type trading volume. SILVER Silver tested the important $16 per ounce level this morning, reaching a...

GOLD Yesterday the Federal Reserve governors decided to keep the central bank’s benchmark short-term interest rate near zero. They decided not to make what would be the first increase since 2006, after determining the economy still isn’t strong enough to handle an increase. Fed officials also sharply downgraded their economic forecast for this year. They projected the economy would grow...

GOLD It appears that the recent sell off in the Platinum and Palladium prices has affected Gold and Silver negatively. The Platinum price is now at a six-year low and is trading at a $105.00 discount to Gold. It appears that Gold/Silver is treading water awaiting the Federal Reserve announcement and Chairman Yellen’s news briefing scheduled for later today. At...

GOLD Gold traded today in a narrow range from $1,176 to $1,188 per ounce on average volume. There is excellent demand when the price moves below $1,180. At 11am PDT today, Gold is trading at $1,182 per ounce, down $4 on average volume. SILVER Silver continues to trade above and below the important $16 per ounce price level. Today, Silver...

GOLD This morning’s combination of little progress with the Greek debt crisis, and a report of U.S. industrial production falling by 0.2% in May, has resulted in a nice rally in the Gold price. The Gold price continues to stay within the $1,180 to $1,220 trading range. Today’s U.S. industrial production report included a revision for April showing a 0.5...