Daily Market Report

GOLD What is truly amazing about this year’s $50 rally in the Gold price is that it is happening in the face of a collapsing oil price and with the U.S. Dollar trading near a 7-year high. In past years Gold would sell off as the U.S. Dollar rallied versus other world currencies. History has shown us that a higher...

GOLD Gold hit a high of $1,245 per ounce in early trading before some short term profit taking and an increase in the value of U.S. Dollar took the price down $10 per ounce. Demand remains strong and I am seeing excellent professional support at the $1,230 per ounce level. At 11am PST today, Gold is trading at $1,234 per...

GOLD This morning Gold opened higher and kept moving up on fresh demand. Global physical demand for Gold remains very strong with today’s announcement that China purchased a large quantity of Gold at the end of 2014. (see article link below) Chinese buy 29 tonnes of gold in last 3 days of 2014.  At 11am PST today, Gold is trading...

GOLD Gold stayed in a tight trading range most of the day as the U.S. continues to stay strong at $1.16 to the Euro. Gold trading today ranged from $1,210 to $1,220 per ounce on average volume. At 11am PST today, Gold is trading at $1,218 per ounce, up $9 on average trading volume. SILVER Silver continues to show sizeable...

GOLD As the U.S. Dollar continues its rally, reaching a 7 year high today versus the Euro, Gold is holding well. Gold continues to show excellent support above the $1,200 per ounce support level. At 11am PST today, Gold is trading at $1,209 per ounce, down $4 on active trading. SILVER Silver continues to show sizeable worldwide demand at current...

GOLD Gold has started the year on a good foot, moving past $1,210 per ounce on fresh demand. With the U.S. Dollar reaching $1.16 to the Euro (a new 2013-14 record for the US Dollar), Gold has been trading in a tight $10 high/low price range from $1,219 to $1,209. At 11am PST today, Gold is trading at $1,211 per...

GOLD Gold has started the year on a good foot, moving past $1,210 per ounce on fresh demand. The price of Gold rose against ALL currencies in 2014 — except for the US dollar. Yes, Gold was up in the Euro, Japanese Yen, Swiss Franc, Canadian Dollar, British Pound, Australian Dollar, New Zealand Dollar, Chinese Renminbi, Indian Rupee, Swedish Krona...

GOLD Gold moved back above the key $1,200 resistance level today as equity prices dropped around the world. At 11am PST today, Gold is up $14 per ounce, trading at $1,202 per ounce on average volume. SILVER Increasing demand for physical Silver drove up the Silver market today, as Silver crossed back above the important $16 per ounce level. At...

GOLD Gold fell today because professional traders, hedge, and mutual fund traders needed to flatten out there precious metal holdings for year end. At 11am PST today, Gold is trading at $1,180 per ounce, down $21 from yesterday on light volume. SILVER Silver could not stay above the key $16 per ounce resistance level today. At 11am PDT today, Silver...

GOLD Gold rallied sharply higher this morning, reaching $1,210 per ounce, as the U.S. Dollar weakened and many of the world’s equity markets closed lower. Increasing tensions between Russia and western countries also increased the demand for Gold. In November, China’s Gold imports from Hong Kong rose to their highest level since February, indicating strong demand from the world’s top...