Daily Market Report

GOLD Gold has traded in a narrow $15 price range from $1,374 to $1,389 per ounce over the weekend. The independence vote in Crimea went as expected and there was little market reaction. This morning in the U.S., Gold tested the $1,370 area and held. At 11am PDT today, Gold is trading at $1,372 per ounce, down $6 per ounce...

GOLD Most of the direction of the Gold price this past week has been based on the developing news in regard to Secretary of State John Kerry’s discussions with Russia about the Ukraine. Gold reached a high of $1,388 this morning before the release of the news of Kerry’s six hour conversation with Russian Minister Sergey Lavrov in London. Many...

GOLD Gold has traded today in an $11 High/Low range, from $1,375 to $1,364 per ounce. This is very bullish considering that we had a $30 increase since the beginning of the week. Gold continues to move higher at a conservative pace, very much like 2011, when it reached its all-time high of $1,920 per ounce. At 11am PDT today...

GOLD Gold rallied sharply this morning, reaching a six month high of $1,371 per ounce, based on fears of more corporate defaults in China and the continued geopolitical problems with Russia and the Ukraine. With Gold making a solid break above the key $1,350 per ounce resistance level, the next resistance level I am looking at is $1,381. At 11am...

GOLD The Gold price traded very actively between $1,338 and $1,350 per ounce today, as weak Chinese exports data for February caused investors to buy Gold for safe-haven rather than equities. In a sign that confidence in the paper Gold market may be returning amid global uncertainties, SPDR Gold Trust, the world’s biggest bullion-backed exchange-traded fund, saw its largest inflow...

GOLD In early Asian trading this morning Gold sold off, reaching a low of $1,328 per ounce. At that price bargain buyers appeared and quickly rallied the price back to $1,340 per ounce. At 11am PDT today, Gold is up $1 per ounce, trading at $1,341 per ounce on good volume. SILVER Silver hit a low today of $20.59 this...

GOLD The Gold price declined today after the Department of Labor announced that the U.S. economy added 175,000 jobs last month, an increase over January. Economists had been expecting a gain of 150,000 jobs and for unemployment to remain flat. Gold traded today in the $1,328 to $1,353 per ounce price range on light weekend type volume. At 11am PDT...

GOLD Gold rose today as diplomatic efforts in the Ukraine increase safe haven demand for precious metals. The U.S. nonfarm payroll figures are due out tomorrow, which should help gauge the strength of the labor and the implications for the pace of the Federal Reserve’s stimulus reduction. Gold is making another attempt to break and stay above the key $1,350...

GOLD Gold moved up today after weak U.S. data cast doubts over the pace of the economic recovery. The Institute for Supply Management said the U.S. services sector index fell to 51.6 last month, the worst read for the index since February 2010, as bad weather affected business activity. Separately, U.S. private employers added 139,000 jobs in February, below economists&rsquo...

GOLD Gold sold off 1% today on easing of tensions between the Ukraine and Russia. Gold did reach $1,331 per ounce before rallying back on fresh buying. Gold is trading within a tight range, looking for a technical break out. The following are the current technical resistance and support levels. Technical Levels for Gold: Significant upside resistance at $1357/$1361 Gold’s...