Daily Market Report

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...

GOLD Gold is trading today in a narrow $6 high/low trading range from $1,305 to $1,311 on average volume. Gold continues to build a base above $1,300 per ounce as it consolidates recent gains. At 11am PDT today, Gold is trading at $1,308, down $2 per ounce on average volume.   SILVER Silver continues the bull/bear fight to stay above...

GOLD Gold hit $1,323 earlier this morning before seeing some short term profit taking. The Gold price is showing excellent support above $1,310 per ounce. At 11am PDT today, Gold is trading at $1,310, unchanged from yesterday on normal Friday type volume.   SILVER Silver is fighting to get back above the $20 per ounce level, reaching a high, at...

GOLD Gold is trading today in a narrow $7 per ounce trading range between $1,302 and $1,309 per ounce. The negative effects of a strong U.S. Dollar in the world’s foreign exchange markets are being offset by the Russian build up of troops at Ukraine’s western border. The $1,300 per ounce support/resistance level has been very important to Gold’s short...

GOLD Gold futures jumped $22 and moved back above the important $1,300 per ounce level today, the most in six weeks in New York. Signs of escalating tension between Ukraine and Russia fueled today’s demand for precious metals. The strong Gold demand based on the Ukraine/Russian event countered the recent strength in the U.S. Dollar. This suggests outside geo-political influences...

GOLD For the most part of today’s trading, Gold is showing excellent support in the $1,284 to $1,288 per ounce price range. Trading volume on the U.S. and overseas markets is about normal for a summer month. At 11am PDT today, Gold is trading at $1,285 per ounce, down $1 per ounce.   SILVER Silver broke below the important $20...

GOLD Gold has traded in a narrow $10 High/Low price range today, showing excellent consolidation. Gold reached a high of $1,295.90 and the low was $1,286 as we try to build up some momentum to break though the $1,300 per ounce resistance level. At 11am PDT today, Gold is trading at $1,289.60 per ounce, down $5.60 per ounce on average...

GOLD Today, Gold is trading in a narrow price range after hitting a five-week low yesterday. The Gold chart has turned technically short term bearish. Upbeat U.S. economic data released Thursday and the recently rallying U.S. dollar index that hit a six-month high this week were bearish weights on the Gold and Silver markets. I really would like to see...

GOLD I am really having a difficult time understanding why Gold sold off 1% today, with what is happening around the world. This could just be a temporary setback, because historically, Gold increases when geopolitical crises and wars are happening. $1,285 per ounce is an important support level and Gold hit a low of $1,281 this morning. At 11am PDT...

GOLD During today’s trading, Gold has fallen below the $1,300 support level, while struggling to stay above the 50-day moving average at $1,294. Yesterday, more economic sanctions where placed on Russia, but this did little to support Gold and even though geopolitical tensions remain very high, Gold is beginning to feel a bit tired and vulnerable to test the $1,285.00...