Daily Market Report

GOLD Gold broke above the key $1,300 per ounce level this morning. However, it didn’t have enough support to protect against a selloff when reports hit the market that Russian President Putin ordered troops near the Ukraine border to return to their bases. At 11am PDT today, Gold is trading at $1,293 per ounce, unchanged from Friday’s close.   SILVER...

GOLD In typical Friday type trading, the Gold market stayed within a $10 price range ($1,288 to $1,298) on light volume. At 11am PDT today, Gold is trading at $1,293, down $3 per ounce on light weekend volume.   SILVER The Silver price has been weak since the market opened, trading as low as $19.24 per ounce. At 11am PDT...

GOLD Two major economic indicators were released today. The U.S. Labor Department reported that last week’s Unemployment Claims hit a seven year low. The Consumer Price Index increased 0.3% last month, as the cost of gasoline surged. These economic indicators are considered negative for Gold and it moved lower today. At 11am PDT today, Gold was trading at $1,296 per...

GOLD Gold rallied to $1,309 this morning on news that seven Ukrainian soldiers were killed in an ambush by Pro-Russian separatists in eastern Ukraine. This news, plus release of the April Producer Price Indicator, showed weakness in the U.S. economy. Both news items are bullish for the Gold price. At 11am PDT today, Gold is trading at $1,305 per ounce...

GOLD Gold traded in a very tight $9 price high/low range today ($1,298 to $1,289 per ounce). The precious metal markets are waiting for some announcement or news that can give it a short term direction. At 11am PDT today, Gold is trading at $1,293, down $3 per ounce on average volume.   SILVER Silver showed good demand at the...

GOLD Gold traded at a low of $1,281 per ounce in the early Asian morning trading. The sell-off was likely caused by comments the Chinese premier made over the weekend in which he said China needs to react to the slowing pace of economic growth. After reaching $1,281 per ounce, Gold quickly rallied on fresh buying to $1,304 per ounce...

GOLD Gold is trading on light volume in a thin $9 per ounce high/low ($1,294/$1,285) range today. Russian President Putin’s plan to allow more Chinese investments in Russia, avoiding the U.S. and ECU sanctions, didn’t have any effect on the precious metal prices. At 11am PDT, today Gold is trading at $1,287 per ounce, unchanged from yesterday.   SILVER Silver...

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...