Daily Market Report

GOLD After Gold reached $1,331 per ounce, on mounting tensions over the weekend in Ukraine yesterday, today Gold tested its $1,300 per ounce resistance level. Technical traders sold Gold down to $1,285 this morning, before rallying back to above $1,300 per ounce. At 11am PDT today, Gold is down $26 per ounce, trading at $1,301.50 on heavy volume.   SILVER...

GOLD Today, Gold jumped to a three-week high, reaching $1,331 per ounce, as mounting tensions over the weekend in Ukraine resulted in increasing investor’s concerns. This boosted Gold’s appeal as a safe haven asset. At 11am PDT today, Gold is trading at $1,327 per ounce, up $9 per ounce on average volume.   SILVER Considering today’s $9 Gold rally, the...

GOLD In the face of a dramatically falling U.S. stock market (the DJIA is down over 400 points) in the past two days, Gold has shown renewed demand. Gold has been in a $10 range for most of the trading day between $1,314 and $1,324 per ounce. At 11am PDT today, Gold is unchanged from yesterday at $1,318 per ounce...

GOLD In the Federal Reserve minutes released on Wednesday April 9th, the Fed played down forecasts by some of its own policy makers that interest rates might increase faster than they previously predicted. “Several participants noted that the increase in the median projection overstated the shift in the projections,” according to minutes of the March 18-19 meeting of the Federal...

GOLD Gold tested the $1,300 support level this morning, reaching $1,301 per ounce and holding. For the most part of today’s trading, Gold has been range bound from $1,305 to $1310 per ounce awaiting today’s Federal Reserve announcement. Demand for Gold Driven by Ukraine and India news Demand for Gold has increased substantially as Russia has heated up the conflict...

GOLD Gold rallied today as the dollar and equity markets fell on signs the European Central Bank may not be continuing to add more stimulus. Renewed tensions in the Ukraine increased Gold buying from Asia and the Middle East. Iraq’s central bank said it might buy more Gold in the next few months, having already purchased 60 tonnes over the...

GOLD Gold is trading in the $1,295 to $1,395 per ounce price range with light volume and no firm direction. At 11am PDT today, Gold is trading at $1,297, down $6 per ounce on very light volume.   SILVER Earlier this morning, Silver was briefly over $20 per ounce, but couldn’t hold it. At 11am PDT today, Silver is unchanged...

GOLD Yes, I was hoping to see a rally back above the key $1,300 per ounce level and it happened today, with Gold reaching a high of $1,307. Gold rallied $20 today, the most in three weeks after a government report showing U.S. job growth was less than expected triggered economic concerns, boosting demand for the metal as a store...

GOLD Gold is trying to stabilize in the $1,280 to $1,300 per ounce level. Considering the trading volumes haven’t been that high the market is trying to consolidate in this trading range. A breakdown below $1,277 could cause technical selling down to $1,260, while a strong move above $1,300 could drive the price back to the $1,320 area. At 11am...

GOLD It appears that the recent decline in Gold has bottomed out around $1,277 per ounce. However, the key number is still $1,300 before traders will become bullish again. At 11am today, Gold is trading at $1,290.40, up $9.40 per ounce on excellent volume.   SILVER Silver has moved above the key $20 per ounce resistance level on excellent volume...