Daily Market Report

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...

GOLDGold closed at $1,475.30 today, up $14.10 for the day; another all-time high for the Gold price on active trading. $1,500 is the next psychological and possible resistance number, and I believe we will see that number next week.  Today’s initial rally in gold came from oversees after European Central Bank President, Jean-Claude Trichet, indicated that the rate hike announced...

  GOLDGold closed today at $1,461.20 per ounce, down $0.30 for the day. During trading today gold hit a new all-time high of $1,466.20 and traded in a narrow $13 range on good volume.  With a weaker Dollar and Crude Oil surpassing $110 per barrel on top of continued problems in Japan, Middle East and Euro Debt issues, gold continues...

GOLD Up, Up and Away Gold hit another all-time high of $1,463.70 this morning, closing the day at $1,461.50 per ounce, up $8.10 on the day. Gold traded actively in the worldwide market on heavy volume, showing excellent support and demand for Gold at the higher prices.  I am amazed to hear one market analyst after another say that raising...