Daily Market Report

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...

GOLD Gold sold off in early morning Asian trading, reaching a 3 month low of $1,268 per ounce. Then news of increasing tension in Eastern Ukraine between pro-Russian separatists and Ukraine troops caused the Gold market to quickly turn higher. Today’s trading volume was the highest for the week, as Gold attempts to accomplish an inter-day reversal. Today’s high/low price...

GOLD The news of a weak March U.S. housing market, with the Commerce Department reporting that new homes sales fell 14.5%, helped to support the Gold price today. With Gold trading in the low $1,280’s recently, I am seeing an increase in short covering and bargain buying. At 11am PDT today, Gold is trading at $1,284.50 per ounce, up $2.50...

GOLD Gold extended losses for a fourth straight day as outflows from physical Gold ETF, SPDR Gold Trust, (GLD) reached 792.14 tonnes late Monday, the lowest level since January. Gold wasn’t able to hold the $1,280 support level early this morning, reaching a low of $1,276 per ounce. A 480,000 ounce sell order hit the market this morning, taking the...