Daily Market Report

GOLD For the most part of the day Gold has traded in a narrow $5 price range, from $1,275 to $1,280 per ounce. Gold traded like a typical summer day on light volume with little firm direction. At 11am PDT today, Gold is trading at $1,278 per ounce, down $3 per ounce. SILVER Silver hit a low of $19.26 early...

GOLD Global bargain buyers appeared in the Gold market this morning, driving the price back above $1,280 per ounce. Geopolitical situations around the world, especially in Iraq and Ukraine, have worsened. At 11am PDT today, Gold is trading at $1,281 per ounce, up $5 on average volume. SILVER Silver continues to show excellent support above $19.30 per ounce, hitting a...

GOLD Gold sold off today as Federal Reserve minutes from the Jackson Hole, Wyoming meeting were released this morning. Those minutes show that the Federal Reserve reiterated its current plan to remove stimulus and is considering raising interest rates sooner than most expected. Gold initially sold off $22 per ounce, reaching a low of $1,272 before rallying back. At 11am...

GOLD Gold is holding steady as the market awaits the release of the minutes from the latest FOMC meeting. The burning question from the FOMC report is, "When will the Fed implement its first interest rate rise in many years?" The market is also looking to Friday’s upcoming speeches by Federal Reserve Chair Janet Yellen and ECB President Mario Draghi...

GOLD Gold dropped a bit more again today as the market is currently waiting on a few key indicators to determine its direction. Housing starts in the U.S. reached the highest level in eight months, adding to evidence the U.S. economy is gaining traction. All eyes are on Jackson Hole this week as investors anticipate what Fed Chair Janet Yellen...

GOLD Tensions in Ukraine and the Middle East have largely contributed to Gold’s near 8 percent gain this year. Gold fell below $1,300 an ounce today on easing Ukraine tensions and a steadier U.S. Dollar. The dollar gained 0.2 percent against a basket of currencies (after a sixth straight weekly loss) after a report showed confidence among U.S. homebuilders reached...

GOLD Gold trading was fairly uneventful today as prices remained above the key $1,300 support level. As summer winds down traders are keeping a watchful eye on events in Ukraine and the Middle East. Retail sales are the primary gauge of consumer spending and this summer’s weak numbers point to a slow start to the upcoming third quarter. If global...

GOLD Gold prices dipped a bit lower in overnight trading, then rose slightly this morning after unexpected news of a rise in weekly U.S. jobless claims. As the summer winds down, ongoing geopolitical situations have been temporarily put on the back burner. Early September could bring renewed geopolitical concerns, which would be bullish for Gold. At 11am PST Gold is...

GOLD Gold is up slightly today in the US market after the dollar was hit due to news that was released today showing that US retail sales were less than expected in July. This news has also curbed speculation regarding an interest rate increase sooner than expected by the Federal Reserve. At 11am PDT today, Gold is up $3.57 per...

GOLD The Gold prices moved higher in early trading based on some safe-haven demand offsetting a much stronger U.S. Dollar. Gold reached $1,317 before seeing short term selling. At 11am PDT today, Gold is up $2 per ounce, trading at $1,310 on light volume.   SILVER For most of the trading day, Silver traded over $20 per ounce. Then, as...