Daily Market Report

GOLD Today, Gold has traded in a very narrow $10 high/low price range, from $1,295 to $1,285 per ounce. The precious metal markets are focused on what is happening in Ukraine and any aggressive news causes the prices to quickly rally, while news of a possible settlement drives the price down. Reports of falling demand for Gold investment products in...

GOLD Gold prices fell below $1,300 per ounce today after Russian President Vladimir Putin said he was ready to discuss a way out of the Ukraine crisis with the head of the Organization for Security and Cooperation in Europe. Plus, President Putin has stated he would move his troops back from the eastern Ukraine border. In Ukraine, both sides have...

GOLD Gold traded today within a $10 high/low range ($1,314 to $1,304 per ounce) on average volume waiting for a firm direction. The fact that Gold has been able to stay above the key $1,300 level for the past three trading days is bullish, but trading volume needs to increase. At 11am PDT today, Gold is trading at $1,308, down...

GOLD A combination of a weaker U.S. Dollar and an escalation of Ukrainian military action caused Gold to trade higher today.Today Gold hit a high of $1,316 before seeing profit taking and fresh short sales, which drove the market lower. At 11am PDT today, Gold is up $7 per ounce, trading at $1,309 on average volume.   SILVER Silver traded...

GOLD Gold rallied sharply this morning, moving back above the key $1,300 per ounce resistance level, on fresh buying. This was based on reports that the Ukrainian military is moving to take back a Russian separatist-occupied city in eastern Ukraine. Plus, two Ukrainian helicopters were shot down prompting short covering of Gold going into the weekend. The Ukrainian military activity...

GOLD Yesterday’s Federal Reserve statement on the economy was a slight negative to Gold and it reacted with a sell off today. Gold reached a low of $1,277 early this morning before bargain buying appeared. At 11am PDT today, Gold is trading at $1,282 per ounce, down $13 on average volume.   SILVER This morning Silver hit the lowest price...

GOLD Gold is stuck in a narrow trading range, with support at $1,285 and resistances at $1,300. A statement from the Federal Reserve is coming today in regard to their tapering of the current stimulus program. The precious metal and equity markets are behaving like there will be no change in the reduction. At 11am PDT today, Gold is trading...

GOLD Gold continues to trade above and below the important $1,300 per ounce level. Today, the Gold price ranged from $1,286 to $1,302 per ounce on average volume. The Federal Reserve starts a two-day policy meeting later today and they are expected to reduce its monthly bond purchase program for the fourth time in a row. They are also expected...

GOLD In Asian overnight trading, Gold couldn’t hold above the key $1,300 per ounce price level. Other than the U.S. and European Union slapping new sanctions on Russia, there were no new developments in the Russia-Ukraine crisis. Gold is holding in a narrow $14 per ounce high/low trading range on average volume. At 11am PDT today, Gold is down $3...

GOLD Renewed tensions between Moscow and Western powers over Ukraine have caused Gold to rally this morning, moving above the key $1,300 per ounce resistance level. Today’s rally was very noteworthy considering that Gold hit a 2-1/2 month low of $1,268.24 on Thursday. Depending on what happens over the weekend in Ukraine, Monday could be an exciting down in the...