Daily Market Report

GOLDGold closed down $8.41 today at $1501.70 an ounce on the first full day of global trading since last Thursday. Gold has built an excellent base above $1,500 per ounce. It may not have the volatility and excitement of Silver, but Gold is proving that slow and sure is an excellent investment strategy. Gold’s uptrend is still intact; remember the...

GOLDGold set another record high closing at $1,510.11, ending the day up $3.81 from Thursday’s close. Gold was extremely active today at one point reaching a $1,519.30 high amidst a $20 trading range. The continued decline in the value of the dollar is adding to our view of the rally in the Gold price. When denominated in euros, gold advanced...

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...