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Morning Gold & Silver Market Report – 3/29/2012

EMERGING ECONOMIES’ GROUP SCOLDS WESTERN POWERS   Gold and Silver are enjoying slight gains this morning after choppy overnight trading. U.S. stock futures are down, due in part to a disappointing jobless claims report. After seasonal adjustments, last week’s jobless claims were revised upward by 4.6 percent, slightly mitigating this week’s drop of 5,000. A positive move for the dollar seems t... Read More

Closing Gold & Silver Market Report – 3/28/2012

DURABLE GOODS REPORT HINTS AT GROWING ECONOMY   Gold prices moved below $1,660 an ounce today, as profit-taking was accelerated late in the session by a COMEX options expiration. The failure of Gold to breach $1,700 is being seen as a key resistance level. A smaller-than-expected increase in U.S. manufactured goods orders added to downward pressures as the dollar moved to session highs versus ... Read More

Mid-Day Gold & Silver Market Report 3/28/2012

AMERICANS SEE GOLD AS BEST INVESTMENT, SURVEY SHOWS    According to Goldman Sachs, Gold’s price is too low compared to real interest rates. Gold is an asset that protects an investor against the possibility of the unknown, such as a Black Swan event. Recently, Matthew Lynn of Strategy Economics commented on the buying power by central banks in regards to Gold. Lynn said, “By holding... Read More

Morning Gold & Silver Market Report – 3/28/2012

CENTRAL BANKS’ BUYING MAY ADD ‘ROCKET FUEL’ TO GOLD’S PRICE, WRITER SAYS   Precious metals prices were down this morning, after the Gold price failed to push through a key resistance level yesterday. U.S. stock futures gave up some gains after a report on Read More

Mid-Day Gold & Silver Market Report – 3/27/2012

GOLD DIPS ON FED REMARKS; STOCKS DOWN ON CONSUMER CONFIDENCE, HOME PRICE DATA   Since the posting of the Morning Gold & Silver Market Report, the Gold price has seen a dip, pushed lower by remarks from U.S. Federal Reserve Chairman Ben Bernanke and less-than-rosy data on consumer confidence and home prices. The Fed chairman essentially assured th... Read More

Morning Gold & Silver Market Report – 3/27/2012

FED CHAIRMAN’S COMMENTS SUPPORTING GOLD, HAMPERING STOCKS   Gold is gaining some ground this morning, continuing to be boosted by yesterday’s comments by Federal Reserve Chairman Ben Bernanke. Bayram Dincer of LGT Capital Management said, “The possibility of accommodative monetary policy if certain conditions, such as employ... Read More

Closing Gold & Silver Market Report – 3/26/2012

NOTED INVESTOR EMBRACING GOLD AGAIN ON FED CHAIRMAN’S COMMENTS     Precious metals prices have been on the rise throughout afternoon trading on the heels of the potential for further monetary easing that Federal Reserve Chairman Ben Bernanke spoke of earlier today. That news led noted investor Dennis Gartman change his previously held position and re-enter the American Gold market. He said, “Sometimes you get lucky. … Read More

Mid-Day Gold & Silver Market Report 3/26/2012

U.S. ECONOMY DRAWING MIXED VIEWS   Gold’s price is up more than 1 percent today thanks to a stronger euro and comments from Federal Reserve Chairman Ben Bernanke, who is calling for faster U.S. economic growth. “I think it (Gold’s price rose) on the back of Bernanke’s comments, which people have taken to mean that further funding might be required,” said Simon Weeks, head of precious metals at Scotia Mocatta. “I think people have taken that to mean that Read More

Morning Gold & Silver Market Report – 3/26/2012

MARKETS CLIMB AFTER FED CHAIRMAN’S REMARKS  Speaking this morning in Washington, D.C., Federal Reserve Chairman Ben Bernanke expressed concerns that the recent trend in job growth can be sustained. The primary factor behind the weak job market is weak demand and not structural, such as the lack of skills in the workforce. Bernanke s... Read More

Closing Gold & Silver Market Report – 3/23/2012

GOLD RISES ON DOLLAR’S DROP; IRAN USING GOLD TO GET AROUND SANCTIONS   Precious metals prices have been on the rise today and are set to close higher, curbing the three-week overall decline. The climb today was relative to sharp movements in markets. Oil prices rose, and the dollar’s value dropped. The poor showing in home sales data has rekindled hopes the Fed will offer more easing. Head of commodity research Nic Brown of Natixis in London said, “We th... Read More

Mid-Day Gold & Silver Market Report 3/23/2012

ANALYST SEES GOLD PRICE ADVANCING   Gold’s price was rising following positive movement of the euro. Recent optimistic data is boosting hopes for a stronger U.S. economic future, which in turn has pushed the yellow metal down by nearly 3 percent this month. “We don't see a huge amount of downside for Gold prices from current levels, and we would be lookin... Read More

Morning Gold & Silver Market Report – 3/23/2012

STOCKS DECLINE NOT SURPRISING; EASY MONETARY POLICY COULD BE DETRIMENTAL TO U.S. U.S. stock futures are pointing towards an uneventful start for Wall Street this morning.  Unease has entered the markets, and Rebecca O’Keefe of Interactive Investor isn’t shocked.  “The six-month equity rally has been built on lower-than-norm... Read More

Closing Gold & Silver Market Report – 3/22/2012

FED REASSURES ON VOLCKER RULE; IRELAND IN ANOTHER RECESSION Since the Mid-Day Gold & Silver Market Report, prices for precious metals have edged up slightly. The stronger dollar pushed Gold down today, although today’s session saw the dollar give ground versus other currencies in the end, Read More

Mid-Day Gold & Silver Market Report 3/22/2012

CRUDE OIL PRICES FALL; CONTAGION FEARS GROW FOR EUROZONE   Precious metals prices remain down across the board following this morning’s trading. Indications of slowing growth in China and Germany strengthened the U.S. dollar, which pushed the price of Gold down. The Gold price traditionally moves opposite of the U.S. dollar. Crud... Read More

Morning Gold & Silver Market Report – 3/22/2012

GOLD LOWER ON PROFIT-TAKING; CHINA’S ECONOMY CONTRACTING?   Precious metals fell in overnight trading, as less-than-promising Chinese factory data has caused many investors to cash out their positions for profit-taking purposes. Many investors are awaiting European data to see how the eurozone is faring after the Greek bailout deal. Yuichi Ikemizu, head of commodity trading, said, “A lot of people are on the sidelines at the moment. … We saw some bearish... Read More

Closing Gold & Silver Market Report – 3/21/12

WEAK SUPPLY BOOSTS OIL PRICES; GOLD, SILVER PRICES STEADY      A weekly government report showing a surprising decline in oil inventories sent the price of crude oil futures upward. Prices reached as high as $106.91 on the New York Mercantile Exchange. The Energy Information Administration also reported that gasoline stockp... Read More

Mid-Day Gold & Silver Market Report 3/21/2012

GOLD MERITS POSITIVE OUTLOOK; SURVEY SHOWS U.S. CONFIDENCE   The Gold price is slowly moving higher today. The precious metal received a positive outlook from the Australian Bureau of Resources and Energy Economics. The bureau said today that Gold prices will average 16 percent higher in 2012 at about $1,810 an... Read More

Morning Gold & Silver Market Report – 3/21/2012

GOLD STEADY; BERNANKE GIVES ADVICE TO EUROPE Gold is relatively steady this morning, while silver is up about one percent.  The euro is looking stronger against the dollar, but the slump in gold demand due to the strike of Indian jewelers seems to be limiting gold’s push higher for the moment.  Matthew Turner, an analyst at Mitsubishi, believes that a return of Europe’s debt crisis would be a “... Read More

Closing Gold & Silver Market Report – 3/20/2012

U.S. EXEMPTS JAPAN, 10 EU NATIONS FROM IRAN OIL SANCTIONS   Precious metals prices have continued to fall in afternoon trading on tempered housing optimism and rising dollar hint at economic recovery. Saxo Bank senior manager Ole Hansen said, “It’s very much intraday movements related to the ups and downs of the dollar, which is setting the agenda for the time being. … We are going to see a bu... Read More

Mid-Day Gold & Silver Market Report 3/20/2012

OIL PRICES DROP; GOLD JEWELERS CONTINUE STRIKE IN INDIA   Precious metals prices remained down following this morning’s trend. Gold’s price has been affected by a stronger U.S. dollar and lower oil prices. Oil prices have dropped from a three-week high, with U.S. crude supply increasing and an assumption that Saudi Arabia will boost its oil output. “The market is currently well-supplied with oil, but supply disruptions and looming supply shortage f... Read More
US Dollar Prices are in USD

Precious Metal Prices
4/24/2014 9:38:58 PM EST

Metal Bid Ask Change
Gold $1,292.10 $1,294.10 $1.50
Silver $19.58 $19.68 ($0.07)
Platinum $1,405.00 $1,415.00 $5.40
Palladium $797.00 $802.00 ($1.30)
4/24/2014 9:38:58 PM EST

Click here for Historical Charts*All Charts are in USD


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