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Mid-Day Gold & Silver Market Report – 2/19/2014

GOLD DOWN, SET TO BREAK NINE-DAY RALLY The Gold price is down slightly today as natural consolidation looks to end the yellow metal’s nine session rally.  “Slower U.S. economic growth due to weather-related vagaries has been the key reason for gold’s rise from $1,250 to $1,332,” Chintan Karnani, chief market analyst at Insignia Consultants, said. The pullback i... Read More

Morning Gold & Silver Market Report – 2/19/2014

INVESTORS CAUTIOUS AHEAD OF FED MINUTES The Gold price is trading slightly lower as investors await the release of January’s Federal Reserve meeting minutes. MKS SA senior vice president Bernard Sin said, “The market is very cautious as it is awaiting the Fed minutes to be released later today and there is also lower demand out of China and Asia in general. Based on the technical environment though the ... Read More

Mid-Day Gold & Silver Market Report – 2/18/2014

GOLD, STOCKS FLAT BEFORE FED MINUTES The Gold price gained slightly in morning trading, but remained mostly flat after a three-day rally when it reached a 3-1/2 month high. Minutes from the Federal Reserve’s last meeting are due Wednesday. Macquarie analyst Matthew Turner said, “I suppose the interest around the FOMC minutes would be what they have to say about the slowdown in the U.S. economy, which co... Read More

Morning Gold & Silver Market Report – 2/18/2014

GOLD FLAT WITH DATA; CHINESE GOLD OVERTAKES INDIA Gold prices opened flat Tuesday after New York-area data showed a decline in manufacturing activity and investors profit-taking on the yellow metal’s recent growth.  When asked her thoughts on a recent MarketWatch survey, Newedge Strategy economist Annalisa Piazza said, “Part of the decline is probably... Read More

Closing Gold & Silver Market Report – 2/17/2014

WEAK U.S. ECONOMIC DATA CONTINUES TO SUPPORT METAL PRICES After investors received confirmation that billionaire John Paulson maintained his Gold holdings last quarter, hedge funds increased to a three-month high due to slow growth in the U.S.  A bullish market is returning after Gold fell 28 percent in 2013, which was the largest drop since 1981. Gold surpassed the anticipated $1,300 per ounce price last week and has remained at that supported level, while such stabili... Read More

Mid-Day Gold & Silver Market Report – 2/17/2014

SOFT DOLLAR CONTINUES TO BUOY METALS Gold continues to claw its way upward as a weaker dollar has helped lift the yellow metal to its highest level in over three months.  Gold began rallying toward the end of January as emerging market concerns caused fearful investors to seek asylum in Precious Metals.  As equities rebound, a softer U.S. dollar seems the only traditional factor in motivating the Gold p... Read More

Morning Gold & Silver Market Report – 2/17/2014

GOLD GAINING BELIEVERS Precious Metals prices are higher in early morning trading, while U.S. stocks are at a standstill for Presidents’ Day. Gold is gaining believers amid its 10 percent climb this year. Analysts at ScotiaMocatta said, “We are bullish Gold, targeting a full retracement back to the $1,433 [per ounce] high from August 2013,” whi... Read More

Weekly Gold & Silver Market Recap – 2/14/2014

YELLEN’S FED TESTIMONY IN FOCUS The Gold price began the week continuing to benefit from the previously reported weak U.S. jobs report released Friday. This week, all eyes were on Janet Yellen’s first testimony to Congress as the head of the U.S. Federal Reserve. Yellen was scheduled to speak to the House of Representatives Tuesday and the Senate on Thursday. Standard Bank analyst Walter de Wet said, “F... Read More

Mid-Day Gold & Silver Market Report – 2/14/2014

PRECIOUS METALS CONTINUE TO CLIMB THROUGH MID-DAY Precious Metal prices are continuing to climb through mid-day trading.  An increase in physical demand and investors renewed skepticism in the U.S. economic recovery have provided a boost to metals as Gold is set for a four percent gain on the week.  Naeem Aslam, chief market analyst at AvaTrade said, “Gold prices are ab... Read More

Morning Gold & Silver Market Report – 2/14/2014

GOLD SOARS IN MORNING TRADING Gold reclaimed the $1,300 per ounce level yesterday and so far isn’t looking back in early morning trading. Mitsubishi analyst Jonathan Butler said, “Gold has gone through a couple of important levels at $1,270 and $1,300 and if it manages to close around $1,310 we might look for some further gains to be made, although it could drop back. Gold has gone through a couple of i... Read More

Mid-Day Gold & Silver Market Report – 2/13/2014

INVESTORS DIGEST YELLEN COMMENTS, WEAK RETAIL NUMBERS A dip in retail sales buoyed Gold futures slightly today as Precious Metals remain largely flat, with Gold still looking to breach $1,300 an ounce.  Though the slip in retail numbers from January is somewhat attributed to extreme winter conditions throughout much of the country, c... Read More

Morning Gold & Silver Market Report – 2/13/2014

JOBLESS CLAIMS, RETAIL SALES DISAPPOINT Gold is mostly flat in morning trading, holding near a three-month high after economic reports disappointed. Retail sales, expected to drop a mere 0.1 percent, dropped 0.4 percent in January, while last week’s jobless claims totals were about 9,000 higher than expected. A Hong Kong-based Precious Metals trader told Reuters, “There doesn't seem to be any logic with... Read More

Closing Gold & Silver Market Report – 2/12/2014

METALS SHOW GAINS IN 2014; CONGRESS APPROVES DEBT LIMIT INCREASE Gold’s rally continues in 2014 as the yellow metal is on its way to reaching a three-month high.  The metal’s safe haven appeal remains in place after yesterday’s confirmation from Federal Reserve Chairman Janet Yellen that the U.S. economy has not reached its growth p... Read More

Mid-Day Gold & Silver Market Report – 2/12/2014

GOLD SEEKS $1,300 AS STOCKS TAKE BREATHER FOLLOWING FOUR-DAY RALLY The Gold price is higher for the fifth straight session as the yellow metal looks to break through the important technical level of $1,300.  “Gold is now trading comfortable above the 100-day moving average and seems to have its sights set on $1,300,” Tyler Richey, an analyst for the 7:00’... Read More

Morning Gold & Silver Market Report – 2/12/2014

GOLD HITS RESISTANCE AND STOCKS GIVE UP GAINS The Gold price is hitting resistance in early morning trading. UBS said in a note, “Any attempt at the $1,300 psychological mark is likely to meet resistance and attract those who have been waiting for more attractive levels to close out longs or initiate shorts. Hints from the Fed Chairwoman yesterday, which were broadly in line with expectations, confirm t... Read More

Mid-Day Gold & Silver Market Report – 2/11/2014

GOLD, STOCKS RISE AMID NEWS OF FED ACCOMMODATION Gold remained on track for a fifth straight day of gains in morning trading. In regards to the testimony of the new Federal Reserve Chairwoman Janet Yellen and questions, Jeffery Wright, managing director of H.C. Wainwright, said, “[they] point to [a] longer timeline of existing interest rates regardless ... Read More

Morning Gold & Silver Market Report – 2/11/2014

GOLD UP AHEAD OF YELLEN TESTIMONY Gold prices are slightly up this morning after giving back recent gains ahead of Federal Reserve Chairwoman Janet Yellen’s testimony before the House Financial Services Committee.  Yellen's prepared remarks signal the Federal Reserve will remain loose on the monetary-policy path that was set by former Federal Reserve chairman Ben Bernanke.  With Yellen’s first testimony... Read More

Closing Gold & Silver Market Report – 2/10/2014

WEAKER U.S. DOLLAR SUPPORTS METAL PRICES; DECLINING ECONOMIC GROWTH EXPECTED IN 2017 Both Gold and Silver have performed extremely well today due to a weaker U.S. dollar, which hit a three-week low against other major currencies. Gold has already increased by six percent this year compared to a 70 percent climb from December 2008 to June 2011 when the Federal Reserve printed more than $2 trillion and pushed it into the financial system.  As the Fed’s monetary policy sl... Read More

Mid-Day Gold & Silver Market Report – 2/10/2014

CHINESE DEMAND BOOSTS GOLD FOLLOWING LUNAR NEW YEAR The Gold price is benefiting from strong demand in China as the Lunar New Year has come to a close and investors re-enter markets.  “The reopen of China’s markets after being closed in celebration of Lunar New Year since Jan. 31 is an encouraging sign for the bullion markets and may help support Gold prices,... Read More

Morning Gold & Silver Market Report – 2/10/2014

YELLEN’S FED TESTIMONY IN FOCUS The Gold price is still benefiting from the weak U.S. jobs report released Friday. This week, all eyes are on Janet Yellen’s first testimony to Congress as the head of the U.S. Federal Reserve. Yellen will speak to the House of Representatives Tuesday, and the Senate on Thursday. Standard Bank analyst Walter de Wet said, “From a macro data perspective Yellen's testimony i... Read More

Weekly Gold & Silver Market Recap – 2/7/2014

PERTH MINT SALES REFLECT HIGHER DEMAND FOR GOLD & SILVER Precious Metals ended on a positive note Monday and remain in high demand among investors, according to the Perth Mint’s monthly sales report. The Perth Mint, which is located in Australia and is the world’s second largest Gold manufacturer, behind China, reported that Gold sales increased by 10 percent in January. Also, Silver sales showed a jump of nearly eight percent for the month. Read More
US Dollar Prices are in USD

Precious Metal Prices
4/21/2014 5:53:05 AM EST

Metal Bid Ask Change
Gold $1,287.30 $1,289.30 ($6.60)
Silver $19.31 $19.41 ($0.24)
Platinum $1,401.00 $1,411.00 ($17.70)
Palladium $789.00 $794.00 ($14.10)
4/21/2014 5:53:05 AM EST

Click here for Historical Charts*All Charts are in USD


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