Daily Market Report

GOLDGold closed at $1,430.40, down $6.80 on narrow trading. Volume was light, taking direction from the U.S. dollar index (which had a short-covering rally) and crude oil prices (which were down on the day). The Chinese central bank said that inflation risks in economies internationally will support demand for gold, with prices for the precious metal likely to continue to...

GOLDGold reached an all-time High today of $1,449 in very active trading, closing the day at $1.438.10, up only $.90 for the day as we finally saw some profit taking from the day’s high. During 2011 Gold has traded from $1,319 an ounce to $1,449 per ounce. Believe it or not, Gold is only up 1% since the start of...

GOLD Gold is up $10.20 today, closing at $1,437.20 on active trading with excellent volume. Rob McEwen, chairman and chief executive of US Gold Corp, told Reuters today, that gold was in the middle of a super cycle that could end by 2015. He added that the length of the gold super cycle and the $5,000 forecast were based on...

GOLD Gold closed at $1,428.10 per ounce today, up $1.10 for the day with a very narrow trading range of only $8.40. Gold has run into selling pressure at $1,430 per ounce, however, consolidation around the $1,410 to $1,430 range would be very healthy for the next Bull Run to $1,500 per ounce. The ongoing conflict in Libya along with...

GOLD Gold closed today at $1,427 per ounce, up $9 on the day. Gold prices resumed its major uptrend on Monday, on the escalating tension in the Middle East and North Africa. Heavy Allied Nations air and missile assault on Libyan strongman Moammar Gadhafi’s military, and continued unrest in Bahrain and Yemen, are supporting the precious metal uptrend.   Crude...

GOLD Gold was up $13.90 today, closing the week at $1,418.00 per ounce. It was extraordinary week for gold, with heavy trading and volume on a $53 price range. Bank of Japan has announced, with the help of the finance ministers and bank governors from the Group of Seven major industrial nations, they will go the way of “powerful monetary...

GOLD Gold closed up $2.90 today at $1,404.10, with active trading on continued news from Japan, and the Middle East. Crude Oil was up 2% primarily due to increasing hostilities in Bahrain and Libya. The Japanese Yen hit a record high in trading against the Dollar. The reason for the Yen rally is the belief that Japan to be a...

GOLD Gold closed up $3.60 today, back above the important $1400 level at $1,401.20 per ounce. The markets were active today as bargain buyers, coming from outside the US, were very active. Gold under $1,400 looks very attractive considering the events in the Middle East and Japan. Civil Protests and hostilities are still going on in Middle East countries. In...

GOLDGold closed today at $1,397.60, down $29.80 for the day. Amidst very heavy volume, today’s trading was VERY active with spot Gold dropping to $1,380 at one point during trading. Gold traders see today’s market correction as just a knee-jerk reaction to the high anxiety presently gripping the world market place, and further selling pressure in the near term will...

GOLDGold closed today at $1,427.40 on light trading, up $7.10 at the close. Trading was dominated by the speculation over the effects this weekend’s Japanese earthquake, tsunami and nuclear reactor problems will cause. The Japanese central bank pumped 15 trillion yen ($183 billion) into money markets to assure financial stability amid a plunge in stocks and surge in credit risk...