Daily Market Report

GOLD Gold is trading in a very tight $10 range, from $1,278 to $1,288 on average volume. I need to see Gold rally back above the $1,300 resistance level by week end to regain its bullish sentiment. At 11am PDT today, Gold is trading at $1,281 per ounce, down $5 from yesterday.   SILVER Silver continues to trade in the...

GOLD Gold held in the $1,292 to $1,297 area during early morning Asian trading. When U.S. commodity markets opened, Gold sold off to $1,282 on good volume. Today is the last day of the quarter and Gold has a history of selling off during this timeframe (read today’s Weekly Market Report for more details). At 11am today, Gold is down...

GOLD Gold has dropped about $90 per ounce from a six-month high in the last nine trading sessions on declining geopolitical tensions, strong U.S. economic data, and comments by Federal Reserve chairman Janet Yellen that interest rates could rise in the first half of 2015. After hitting $1,285 this morning, Gold rallied and for the most part has traded in...

GOLD Gold hit a six-week low today, breaking below $1,300 an ounce for the first time since mid-February, as speculation that U.S. rates would rise sooner than expected. Easing tensions over Ukraine pushed prices through key chart levels. The trading volume in the U.S. Gold commodity market hit the highest quantity of 100oz Gold contracts this month. At 11am PDT...

GOLD Gold is at a crucial point right now, trying to stabilize above the key $1,300 per ounce support level after the recent decline from the $1,380 area. With Gold trading above $1,300, volume has picked up since the $80 decline in price, as investors and traders re-establish new long positions. At 11am PDT today, Gold is trading at $1,304...

GOLD Today, Gold is trading in a narrow $12 range, from $1,305 to $1,317 per ounce. There was heavy buying when Gold hit support at $1,305. At 11am PDT today, gold is trading at $1,311, Down $1.70 per ounce on excellent volume. On Monday, the Iraqi central bank announced that it bought 36 metric tons of Gold, a value of...

GOLD Gold has come down today following the NASDAQ and the Dow’s lead. It’s good that we’re seeing some support around the 200 day moving average and not at the $1,300 level which makes me feel that there’s more support then I originally assumed for Gold to be over $1,300. With the recent run on Gold over the last few...

GOLD Gold has traded in a tight price range most of the day, between $1,330 and 1,340 per ounce. Many of the traders who shorted Gold when it broke below the $1,350 support level are covering (buying) the sales going into the weekend. At 11am today, Gold is trading at $1,335 per ounce, up $4.50 per ounce on average volume...

GOLD Yesterday, Gold hit three-week lows after comments from Federal Reserve head Janet Yellen suggesting U.S. interest rates could rise sooner than expected. In early trading this morning, Gold reached a low of $1,320 per ounce, a major support level, before heavy buying appeared. At 11am PDT today, Gold is trading at $1,330.50 per ounce, down $7.50 on active trading...

GOLD Gold sold off this morning as economic sanctions by the U.S. and European Union on a small group of Russian and Ukraine officials was seen as minimal reaction to Russia’s aggression in Crimea. Gold needs to quickly move back above the key $1,350 per ounce level to regain its bullish trend. The precious metal traders are looking to today’s...