Daily Market Report

GOLDGold trading was closed today in U.S. trading, however Gold did reach a new record high of $1,513.60  in Asia and was trading in Australia at $1,509 around Noon West Coast time.  The ongoing euro zone sovereign debt crisis, unrest in the Middle East and North Africa, rising global inflation, and most recently worries over the fiscal stability of the...

GOLDGold closed today at $1,506.30 up $4.80 for the day.  At one point during trading the gold price reached $1,509.40, another all-time record high. Gold continues to trade at lifetime highs above $1,500 for a fourth consecutive session on deep concerns over a sharply weaker dollar, tensions in the Arab world, worries about the euro zone crisis, and U.S. fiscal...

GOLDGold closed today at $1,501.50 up $3.90, after reaching $1,507 in this morning’s trading. The impetus for today’s increase in Gold and Silver is clearly the weaker dollar, which is getting hammered and fell to its lowest level in the past 15 months against the euro. The greenback dropped against the euro on speculation that the European Central Bank will...

GOLDGold closed up $1.50 in very active trading closing at $1,497.60.  The global markets are showing renewed flight-to-safety demand with Gold setting a new all-time peak of $1,500.80.  Both Gold and Silver were hit numerous times in overnight Asian and European markets by profit takers. However, the buying demand continues to come back and absorb any selling. Front page news...

GOLDGold is up $13.30, closing at $1,496.10 a new all-time high. Gold reached $1,498.80 during trading, approaching the important $1,500 barrier.  Gold trading today was highly influenced by Standard & Poor’s putting a “negative” outlook on the AAA credit rating of the U.S.  S&P cited a “material risk” --- the nation’s leaders will fail to deal with rising budget deficits...

GOLDGold was up $13.10, closing the week at $1,482.80, a new all-time record high.  Crude Oil is up and the Dollar continues to decline, however, the news today that really moved Gold and Silver higher is all about China. It was reported today that China’s consumer prices climbed 5.4% in March from a year earlier, the fastest pace since 2008...

GOLDHeavy global and domestic demand drove gold up $15.10 to $1,470.70 an ounce. Gold rose for a second day in a row today, as the U.S. dollar fell to a 16-month low against a basket of currencies, on expectations the Federal Reserve will lag global central banks in raising interest rates. Concerns over the U.S. initial jobless claims (which rose...

GOLDGold closed today at $1,455.60, up $3.20 for the day.  Excellent demand for Gold in Asia, the Middle East, and Europe reversed lower prices, continuing to build the base.  Look for Gold to reach $1,480 within the next week and breakout to $1,500 shortly thereafter.    SILVERSilver was up $0.26 today, closing at $40.28 per ounce.  Since Monday the trading...

GOLDGold was down $14.20 an ounce on the day, closing at $1,452.40.  Trading was active with excellent support at the $1,450 area. I believe the upward trend in both gold and silver prices remain firm in light of the current macroeconomic and geopolitical environment. Today’s Gold trading took direction from a $3 drop in Crude oil prices, as a result...

GOLDGold closed today at $1,466.60, down $8.70 an ounce. Many of the market analysts attribute Friday’s Gold rally to the possibility of a U.S. Government shut down, with the problem hopefully averted, today’s correction was to be expected.   Last Friday, possible shut down of our government could have been a national embarrassment.  The real travesty is the loss of good...