Daily Market Report

GOLDGold rallied today on a weaker Dollar and poor economic news, closing at $1,542.80, up $10.70 per ounce. Why would the value of gold increase because of poor economic news? Because it increases the likelihood of continued low interest rates and additional government or Federal Reserve stimulus programs. The dollar extended its losses against the euro Friday after more details...

GOLDGold closed today at $1,532.10, down $14.70 an ounce on very active trading. The Gold price ranged today from a low of $1,518 to a high of $1,544.  Gold initially sold off when Crude Oil prices dropped on reports of higher than expected inventories of Crude Oil and Gasoline. This, combined with the concerns of Greek debt default being postponed...

GOLDGold was up $10.20 today, closing at $1,546.80 an ounce on very active trading.  The Dollar is still in a race to the bottom with the Euro, and the Congressional fight over the U.S. Debt ceiling is acting as an accelerant. Economic news of a disappointing jobs picture in the U.S,. and a negative manufacturing reading, just added more fuel...

GOLDGold closed up $2.50, at $1,536.60 an ounce, based on a weaker dollar and some hope of a temporary resolution of the Greek debt crisis. Germany is considering funding Greek debt in the near term which would allow the beleaguered nation to obtain IMF funding by June 29th. Today the Gold price was helped by the downgrade of Japanese debt...

GOLDGold, up, up and away, closed at $1,534.10, up $11.20 an ounce on light U.S. trading.  In the face of the European debt crisis none of the global floor traders or commodity houses wanted to be short Gold over a long holiday weekend.   A Gold Question that needs the right answer...   A popular negative gold question that I...

GOLDGold closed at $1,522.90, down $5.70 an ounce on average trading volume.  The Gold market is taking direction from the Greek debt crisis.  As the situation appears to be heading to a Greek debt default --- gold and the dollar rally. When information comes out about a possible resolution to the problem --- gold and the dollar sell off.  The...

GOLDGold closed at $1,528.80, up $5.20 for the day on active trading. Gold rose for a fourth straight session (the longest rally in three weeks) as Europe’s debt crisis increased investor demand for the precious metal as a protection of wealth. This rally is amazing in light of the strong U.S. Dollar versus the Euro.  In Euros, Gold is trading...

GOLDGold has broken through its resistance level today, closing at $1,523.60, up $7.80 an ounce on excellent volume. It was confirmed today that China has overtaken India as the world’s largest purchaser of gold at 90.9 million tons in gold bars and coins for the first quarter of 2011. This is up 123% from 40.7 tons last year during the...

GOLDGold, closed at $1,515.80 an ounce, surprisingly up $.90 in the face of a strong U.S. dollar, on active trading. The latest Greek debt problem has caused a strong dollar versus the Euro. This means that the Gold price is near an all-time high valued in Euros, while its lower valued in American Dollars. Take advantage of this opportunity. Because...

GOLDGold rallied sharply today, closing at $1,514.90, up $20.20 an ounce on high volume for a Friday. I can think of at least 20 reasons you need to build up your gold holding right now, but the #1 reason is that the World Governments Central banks are dumping U.S. Dollars and Securities and aggressively purchasing gold to build up their...