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Weekly Gold & Silver Market Recap– 4/17/2014

Gold started the week looking to mount a lasting rally as the crisis surrounding Ukraine and conservative tapering of monetary stimulus measures lent momentum to Precious Metals.  However, Tuesday saw a substantial selloff that forced Gold down as much as $35 per ounce.  Strong domestic economic data and Gold trading above its 200-day moving average triggered the selloff as the yellow metal ended Tuesday 2 percent lower while Silver dipped below $20 an ounce.  Some analysts ... Read More

Mid-Day Gold & Silver Market Report – 4/17/2014

GOLD PRICES WAIVER BETWEEN U.S.ECONOMY & UKRAINE CONCERNS Gold prices are hovering around $1,300, as investors digest news coming out of Ukraine and balance that against stronger economic data coming out of the U.S. “Markets are on one hand expecting the U.S. economy to do be... Read More

Morning Gold & Silver Market Report – 4/17/2014

SAFE-HAVEN DEMAND UP, LEADING TO PROFIT-TAKING The Gold price is mostly flat in morning trading as it holds on to the key $1,300 per ounce level. ANZ analysts believe that “Safe-haven demand for Gold will likely become a feature again in the near term (on Ukraine). But the market remains fickle, and profits are likely to be taken off the table quickly.” Also, there are some concerns over physical demand... Read More

Closing Gold & Silver Market Report – 4/16/2014

GOOD NEWS FOR GOLD, STOCKS: FED TO KEEP INTEREST RATES LOW EVEN AS ECONOMY RECOVERS Federal Reserve Chair Janet Yellen restated the Fed’s interest rate position today and made it clear low rates will remain even when the economy recovers. During a question-and-answer session at the Economic Club of New York, Yellen said, “I hope it's completely clear that while monetary policy is very accommodating at this point,... Read More

Mid-Day Gold & Silver Market Report – 4/16/2014

GOLD & SILVER PRICES STEADY AS STOCKS SOAR Gold and Silver prices are holding firm throughout morning trading despite U.S. stocks soaring above 100. The stock market is reacting favorably to higher than expected industrial production data as well as a positive earnings report. “It's a big day today, we've got 17 out of the S&P 500 reporting, and so far it's been more good than bad. There is more positive ... Read More

Morning Gold & Silver Market Report – 4/16/2014

UKRAINE TENSIONS BOOST GOLD The Gold price has steadied above $1,300 per ounce on tensions in Ukraine. VTB Capital analyst Andrey Kryuchenkov said, “The early April uptrend is now broken, and if it wasn't for Ukraine, we would be closer to $1,280.” Representatives from the U.S., European Union, Russia, and Ukraine will meet for crisis talks Thursday with hopes of negotiating peace in that region. Federal Reserv... Read More

Closing Gold & Silver Market Report – 4/15/2014

GOLD HAS WORST DAY SINCE DECEMBER; STOCKS SEE RECOVERY The Gold price dipped sharply early in the day and although it stabilized in the afternoon, it was still the sharpest decline since December 2013. Much of the decline was triggered by technical selling after Gold broke its 200-day moving average. Silver, Platinum and Palladium sold off as well. “Gold was hit by profit-taking as the rally to $1,330 on Fed minu... Read More

Mid-Day Gold & Silver Market Report - 4

IS TODAY’S GOLD SELLOFF A TECHNICAL BUY SIGN According to Richard Ross, technical analyst at Auerbach Grayson, today’s selloff represents a buying opportunity according to his technical charts. “There are some signs that make gold very attractive at these levels," Ross said. "I'm not a gold bug per se but I do like a nic... Read More

Morning Gold & Silver Market Report – 4/15/2014

GOLD DOWN 2%;  SILVER BELOW $20 Solid U.S. economic data has lifted the U.S. dollar and driven Gold prices lower in morning trading. “Gold was weak all morning after yesterday's U.S data. Physical demand is (also) weak, so the selling brought it closer to the 200-day moving average, step by step,” Heraeus trader Alexander Zumpfe said. “Finally it broke.” Gold fu... Read More

Closing Gold & Silver Market Report –4/14/2014

HIGHER BORROWING COSTS, SLOW TAPERING AND WEAK ECONOMIC REPORTS BOOST GOLD Gold is trading higher again today as Federal Reserve policy continues to lend momentum to Precious Metals prices.  Weak economic reports coupled with slow tapering of monetary stimulus and higher forecasted borrowing costs may push the yellow metal beyond expectat... Read More

Mid-Day Gold & Silver Market Report –4/14/2014

GOLD & SILVER PRICES MAINTAIN MORNING MOMENTUM Gold futures are heading to their highest close in three weeks. Combinations of investor skittishness about events unfolding in Ukraine and the sharp stock sell-off last week are keeping Gold prices up. It is interesting to note that Gold and Silver remain positive despite a rebounding equity market. Pallad... Read More

Morning Gold & Silver Market Report – 4/14/2014

GOLD GAINS ON UKRAINE TENSIONS The Gold price gained slightly in early morning trading on increased tensions in Ukraine. Officials in the country gave pro-Russian separatists a deadline to disarm by this morning, or a “full-scale anti-terrorist operation” will be enacted by its armed forces. ABN Amro analyst Georgette Boele said, “You have tensions between Russia and the West over Ukraine again which is... Read More

Weekly Gold & Silver Market Recap – 4/11/2014

GOLD HAS LARGEST WEEKLY GAIN IN A MONTH Gold and Silver prices both crossed key technical areas this week with Gold rising above $1,300 per ounce and Silver above $20 per ounce.  The positive news for Gold and Silver prices was the following: · Indications that the Federal Reserve would not be hiking interest rates as quickly as first anticipated. · Continued risk aversion in the equity markets as investors keep a watchful eye on Ukrain... Read More

Mid-Day Gold & Silver Market Report – 4/11/2014

GOLD STEADY WHILE STOCKS CONTINUE TO SUFFER Gold is holding on to 2 ½ week highs and is heading for its biggest weekly gain in a month. Gold has benefited from the risk aversion, as evidenced by the sliding stock market and the indication that the Federal Reserve will not raise interest rates as quickly as previously expected. "Gold is supported by the Fed ... Read More

Morning Gold & Silver Market Report – 4/11/2014

GOLD RISES AS STOCKS FALL The Gold price looks poised for its largest weekly rise in a month, as the yellow metal gained for a fourth day this week. Mitsubishi Corp. analyst Jonathan Butler said, “What we saw this week was quite interesting because it emphasizes the rolling back of the seemingly hawkish stance [from the Federal Reserve] that we saw at the previous meeting and I think Gold is taking some... Read More

Closing Gold & Silver Market Report – 4/10/2014

GOLD STEADY AS DOW DROPS 267, NASDAQ DROPS 3% Jeffrey Gundlach, chief executive and chief investment officer of DoubleLine Capital, said today that the global economy could see a “deflationary scare” and added that he likes Gold as a diversifier. Speaking at an annual DoubleLine event in New York, Gundlach said, “In Europe, the inflation rate is falling. In the United States the inflation rate is lower than it wa... Read More

Mid-Day Gold & Silver Market Report – 4/10/2014

GOLD MAINTAINS GAINS, STOCK PRICES FALL Gold and Silver are holding on to momentum gained in morning trading. Stocks fell early, rebounded on the jobs report and headed downward again. The Nasdaq is down two percent as technology and biotech were especially hard hit.  "Clearly investors are nervous about high-flying momentum stocks. There is a rethink on whether better earnings and economic data will s... Read More

Morning Gold & Silver Market Report – 4/10/2014

GOLD, SILVER PRICES MOVING UPWARD The Gold price has continued to move upward for the third day in a row. Comments made last month by Federal Reserve Chair Janet Yellen that the Fed could end its monthly bond purchases by fall sent Gold prices lower. However, with this week’s release of the Federal Open Market Committee meeting minutes, it became apparent that Fed offic... Read More

Morning Gold & Silver Market Report – 4/10/2014

GOLD, SILVER PRICES MOVING UPWARD The Gold price has continued to move upward for the third day in a row. Comments made last month by Federal Reserve Chair Janet Yellen that the Fed could end its monthly bond purchases by Fall sent Gold prices lower. However, with this week’s release of the Federal Open Market Committee meeting minutes, it became apparent that Fed offic... Read More

Closing Gold & Silver Market Report – 4/9/2014

METALS, EQUITY MARKETS HIGHER AFTER FED MINUTES The Gold price moved into positive territory while the stock market spiked following the release of the minutes from the March Federal Open Market Committee (FOMC) meeting. "All the [U.S. Federal Reserve] knows right now is they are going to taper unless something massive happens in a negative way. This is a very accommodative Fed; Taper was accommodative plus... Read More
US Dollar Prices are in USD

Precious Metal Prices
4/17/2014 5:15:48 PM EST

Metal Bid Ask Change
Gold $1,294.60 $1,296.60 ($8.90)
Silver $19.60 $19.70 $0.02
Platinum $1,405.70 $1,415.70 ($22.10)
Palladium $792.10 $797.10 ($6.20)
4/17/2014 5:15:48 PM EST

Click here for Historical Charts*All Charts are in USD


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