Daily Market Report

GOLD As the U.S. Dollar rallied to an eight year high versus the Euro, Gold held firmly above the $1,175 per ounce level. Trading volume on the Gold exchanges around the world is lightening up as we approach the holidays. At 11am PST today, Gold is trading at $1,177 per ounce, up $2 for the day on average volume. SILVER...

GOLD Gold rallied above the $1,200 per ounce level this morning but couldn’t hold. Bears were able to drive the price down to $1,173.50 before a substantial amount of bargain buyers appeared. At 11am PST today, Gold is trading at $1,175 per ounce, down $21 on average volume. SILVER A strong U.S. Dollar caused the Silver price to fall from...

GOLD As we round out this week after the release of the Federal Reserve report on Wednesday, Gold is trading in a narrow $5 range in US trading. Day traders are taking a little profit off the table around the $1,200 level. As we go into the holiday week I’d like to see how Gold performs, but overall trading has...

GOLD After yesterday’s bullish report from the U.S. Federal Reserve, the volatility in the precious metal markets has increased. Today we are seeing a battle between the bulls and bears on the Gold trading exchanges. The bears were able to move the Gold price down to $1,189, then the bulls took over, driving the price up to $1,214 per ounce...

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...