Daily Market Report

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...

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...