Daily Market Report

GOLD Early this morning I saw Gold trade down to a low of $1,713 per ounce after news that Japan’s exports tumbled 10% last quarter and Japan’s Foreign Minister Maehara is demanding the Bank of Japan provide more stimulus. At that point, Gold demand and volume increased and the Gold market moved higher, reaching $1,729 per ounce. At 11am PDT...

GOLD Gold prices fell today as stock markets weakened and the U.S. Dollar rallied. The financial markets awaited direction after the conclusion of a European Union summit in Brussels. At 11am PDT Today, Gold is down $20.10, trading at $1,722.50 on light weekend type volume. The World Gold Council (WGC) Just Released its Third Quarter Market Summary The WGC concluded...

GOLD Since falling after reaching $1,800 per ounce earlier in the month, Gold has trended lower in six of its last eight trading sessions. Gold found support on Monday at reaching $1,730 per ounce. We are now in a consolidation phase, which could prove to be a good buying level for investors. The $1,800 per ounce level does represent a...

GOLD Gold gained this morning ahead of a summit of European Union leaders and amid speculation that Spain may accept credit from a rescue fund, weakening the dollar. At 11am PDT today, Gold is up $2.40 per ounce, trading at $1,751.70 per ounce on average volume. STRONG PHYSICAL DEMAND FOR GOLD IS ON THE HORIZON Barclay’s head precious metal traders...

GOLD The Gold Market has been higher from the start of this morning’s trading. The market opened in Asia at $1,740 and has been in a thin $10 trading range. We will continue to see increased demand if Gold stays at it’s a price support level. At 11am PDT today, Gold is trading at $1,745.70, up $7.30 per ounce on...

GOLD Better domestic and Chinese economic data released today caused Gold to test the $1,730 per ounce level this morning. This is a very important resistance level, and I am seeing trading volume increase dramatically (higher than every day last week) and it looks like the support price should hold. Remember, many of the largest rallies we have seen in...

GOLD The base building continues for the Gold price, as it trades in a narrow range with sizeable demand in the sub $1,760 per ounce area. At 11am PDT today, Gold is trading at $1,760.60 per ounce, down $8.40 per ounce today on light volume. GOLD DEMAND IS STRONG Gold holdings in exchange-traded funds rose for the eleventh straight day...

GOLD Gold has been trading in a very narrow $12 trading range all day, with a low of $1,764 and a high of $1,776. This is normal during a consolidation phase as the base of the Gold price continues to rise. Demand continues to be strong as Hong Kong reported today that China imported 53 tons of Gold during August...

GOLD Gold is trading at the bottom end of recent trading at the $1,760 to $1,795 per ounce range today. I believe this is an excellent price for adding Gold to your investment holdings. Not a lot of precious metal news to report today, while the Gold price trades in a very narrow range. At 11am PDT today, Gold is...

GOLD Late yesterday the International Monetary Fund (IMF) cut its global economic growth forecast and warned things could get much worse if the eurozone crisis continues. This morning Gold tested the $1,760 support level and held. At 11am PDT today, Gold is trading at $1,766 per ounce, down $8.40 per ounce on average volume.   SILVER Silver has been weak...