Daily Market Report

GOLD Gold is trading in a narrow $9 high/low price range, between $1,194 and $1,203 per ounce, as traders wait to hear today’s Federal Reserve policy statement. At 11am PST, Gold is trading at $1,197.40, up $2.80 per ounce. SILVER Silver is trading between $15.72 and $15.99, as it tries to firm up after yesterday’s $0.80 decline. At 11am PST...

GOLD Gold returned to the $1,180 to $1,200 per ounce trading range this morning. The downward move was led by a weakness in Silver, which hit $15.52 per ounce earlier today. As we approach year end there will be some major holders re-positioning for the New Year. At 11am PST today Gold is trading at $1,195, down $9 per ounce...

GOLD Today, the lower Crude Oil price and a very strong U.S. Dollar drove the Gold price down to $1,204 per ounce before heavy buying appeared. At 11am PST today, Gold is trading at $1,207 per ounce, down $15 on average trading volume. SILVER Silver broke below $17 early in trading and technical traders came in and shorted the market...

GOLD Gold trading is slow today as the price stays in the low $1,220 per ounce area. This week’s consolidation is very healthy for the short and long term price of Gold. At 11am PST today, Gold is trading at $1,222 per ounce, down $4 per ounce on light volume. SILVER Silver continues to test and hold above the key...

GOLD The Gold price continues to consolidate in the $1,220 to $1,229 per ounce level. This is very healthy for Gold considering that the U.S. Dollar rallied today versus the Euro and Yen. At 11am PST today, Gold is down $6 per ounce, trading at $1,226 per ounce on average volume. SILVER Bears were able to drive the price of...

GOLD Today Gold is digesting yesterday’s $36 per ounce increase. Early in trading Gold did make another attempt to break the $1,240 resistance level, reaching a high of $1,238.70 before sellers appeared. At 11am PST today, Gold is trading at $1,232, down $2 per ounce on average volume. SILVER Silver sold off in early trading, reaching a low of $16.82...

GOLD Gold tested the next resistance level of $1,240 by reaching $1,238 per ounce this morning. This first attempt was driven by a weaker U.S. Dollar and fresh buying, with excellent trading volume that was about double that from yesterday. At 11am PST today, Gold is trading at $1,234, up $36 per ounce on excellent volume. SILVER There was strong...

GOLD Gold wants to consolidate its price, trading in a narrow $12 high/low range today. The high has been $1,200.50 and the low earlier today was $1,188.40. At 11am PST today, Gold is trading at $1,198 per ounce, up $8 from Friday on average volume   SILVER Silver reached a low of $16.16 per ounce this morning before see fresh...

GOLD Today’s report from the U.S. Department of Labor, showing an increase of 321,000 new jobs in November, affected precious metals negatively. The jobs increase puts 2014 on track to be the best year for U.S. jobs since 1999, while keeping the unemployment rate at 5.8%. At 11am PST today, Gold is trading at $1,190 per ounce, down $17 per...

GOLD Gold is trading in a nice $13 range above the $1,200 per ounce support level. A little consolidation after Monday’s high volatility is very healthy for the market. At 11am PST today, Gold is trading at $1,207 per ounce, unchanged from yesterday on average trading volume. SILVER Silver is showing more price support and demand than Gold. At 11am...