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Mid-Day Gold & Silver Market Report – 4/24/2014

GOLD & SILVER PRICES REBOUND SHARPLY AS TENSIONS ESCALATE IN UKRAINE Early morning trading saw Gold and Silver prices dive lower especially once technical trading kicked in. Well, the computers do not always get it right and metal prices are back in positive territory. Gold prices spiked on news coming out of Ukrain... Read More

Morning Gold & Silver Market Report – 4/24/2014

METAL PRICES TUMBLE ON TECHNICAL TRADING & CHINESE FEARS Gold prices declined and tripped key technical support levels, which triggered computer selling of Gold. As the computers kicked in with automated selling, Gold prices pushed lower. Silver prices briefly dipped below $19 per ounce, but have since rallied above this key support level. The three largest Platinum miners meet today with union officials to discuss the latest offer to end the three-month strike. Plunging... Read More

Closing Gold & Silver Market Report – 4/23/2014

GOLD HOLDS AS NEW HOMES SALES PLUNGE IN MARCH Gold and Silver prices found unexpected support when new homes sales for March came in much lower than expected, falling 14.5 percent to an adjusted annual rate of 384,000. “Up until today’s report, new-home sales had been reasonably stable for six months following a soft patch last summer,” Joshua ... Read More

Mid-Day Gold & Silver Market Report – 4/23/2014

GOLD FLOATS ABOVE 2-1/2 MONTH LOW Precious Metals prices were little-changed in early-morning trading, as the Gold price floated above a 2-1/2 month low. “We continue to watch Gold between the $1,275 (per ounce) and $1,280 (per ounce) level where key support is still apparent,” Ed Meir, metals analyst at INTL FCStone, said. The U.S. dollar and equities eased, making way for Gold’s advance. Earni... Read More

Morning Gold & Silver Market Report – 4/23/2014

UKRAINE TENSIONS & WEAKER DOLLAR PUSH GOLD PRICES HIGHER Gold has risen above a 10-week low this morning, while the U.S. Stock Market is set to open slightly in the red. Gold and Silver prices continue to be pressured by signs of a slowly emerging economic recovery on one side and the potential for the Ukraine conflict to ... Read More

Closing Gold & Silver Market Report – 4/22/2014

GOLD DOWN AS STOCK MARKET RALLIES The Gold price is ending the day slightly lower as investors throw money toward the rallying stock market. Colin Cieszynski, senior market analyst at CMC Markets, said, “There’s nothing specific about today’s Gold decline. It’s part of an overall outflow from defensive havens back into risk markets.” Fawad Razaqzada, tec... Read More

Mid-Day Gold & Silver Market Report – 4/22/2014

ETF OUTFLOWS CONTINUE TO PRESSURE GOLD PRICES Gold prices are down slightly as they head into their fourth day of losses. This modestly downward trend is fueled by traders and hedge funds selling out of ETFs. "Traders seem to have given up on gold as a provider of safe haven at the moment," Saxo Bank's head of commodity research Ole Hansen said. "Instead the focus ... Read More

Morning Gold & Silver Market Report – 4/22/2014

PRECIOUS METALS UP AS NEW SANCTIONS LOOM Precious Metals prices are beginning to trend upward through early morning trading.  With Easter holiday now over, many investors are beginning to look to what is next.  Analysts at Danske Bank said in a note, “The dollar has in general been supported over the recent thin Easter trading days, ... Read More

Closing Gold & Silver Market Report – 4/21/2014

GOLD SUPPRESSED BY STRONG STOCKS AND ECONOMIC FACTORS Gradual improvement in the U.S. economy is continuing to weigh on Precious Metals prices as Gold has dipped its lowest level in two weeks.  The yellow metal reached a six-month high on March 17, but has since fallen 7.5 percent as uplifting employment data and an ongoing stock m... Read More

Mid-Day Gold & Silver Market Report – 4/21/2014

GOLD, SILVER PRICES DIP BELOW KEY LEVELS Sources familiar with the matter say the Chinese government has begun allowing its capital city of Beijing to import Gold. Currently, only Shenzhen and Shanghai import the yellow metal. China has become the world’s number one Gold buyer, though... Read More

Morning Gold & Silver Market Report – 4/21/2014

GOLD PRESSURED BY ETF OUTFLOWS The Gold prices are trading at a 2-1/2 week low in morning trading amid technical selling after failing to hold the $1,300 per ounce level. ANZ analyst Victor Thianpiriya said, “One aspect is that the market is pretty thin today and liquidity is going to be constrained,” but there have also been large outflows from the SPDR Gold Trust exchange-traded fund (ETF). The ETF ou... Read More

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
US Dollar Prices are in USD

Precious Metal Prices
4/24/2014 3:46:53 PM EST

Metal Bid Ask Change
Gold $1,291.90 $1,293.90 $7.30
Silver $19.63 $19.73 $0.23
Platinum $1,403.00 $1,413.00 $9.10
Palladium $797.10 $802.10 $15.20
4/24/2014 3:46:53 PM EST

Click here for Historical Charts*All Charts are in USD


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