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Mid-Day Gold & Silver Market Report – 2/28/2014

PRECIOUS METALS TRADING LOWER AS INVESTORS WAIT FOR DIRECITON Precious Metals are trading slightly lower since this morning’s open.  A rise in U.S. equities along with data from the Chicago business barometer showing an increase in consumer sentiment has provided pressure to the metals.  As tensions continue to rise in Ukraine, Gold’s safe haven appeal could get a big boost. An... Read More

Morning Gold & Silver Market Report – 2/28/2014

GOLD FLAT AFTER GDP REVISION The Gold price remained steady in early morning trading after a fourth quarter gross domestic product (GDP) revision disappointed investors. Economic and geopolitical turmoil appear to be boosting Gold’s safe-haven appeal. Macquarie analys... Read More

Closing Gold & Silver Market Report – 2/27/2014

METALS CONTINUE TO REBOUND AFTER YELLEN COMMENTS Precious Metals continued their rise through afternoon trading.  With foreign political tensions dominating headlines and recent data pointing to a weaker than expected U.S. economy, many investors are turning to Gold for portfolio support.  FuturePath Trading LLC trader Frank Lesh said in a telephone interview, “There is some safe-haven buying. Read More

Mid-Day Gold & Silver Market Report – 2/27/2014

GOLD REBOUNDS ON GLOBAL TURMOIL, POOR DOMESTIC ECONOMIC DATA Gold has rebounded from its first daily loss in several sessions as conflict in the Ukraine intensifies and domestic economic reports disappoint.  The yellow metal experienced a lift from a weaker-than-expected jobless claims report and a dip in monthly durable goods orders as tensions escalate o... Read More

Morning Gold & Silver Market Report – 2/27/2014

GOLD TRADING AGAINST THE DOLLAR Precious Metals prices are back in the black in early morning trading. For investors looking to hedge against the U.S. dollar with Gold, VTB Capital analyst Andrey Kryuchenkov said, “Given the lack of serious physical demand, bullion remains at the mercy of investor and dollar sentiment. The inverse correlation to the U.S. dollar is at highs for the year,” adding that pro... Read More

Closing Gold & Silver Market Report – 2/26/2014

METALS LOSE MOMENTUM FROM NEW HOME SALES, PROFIT TAKING Precious Metals fell today due to new U.S. home sales spiking to a five-year high, pulling the dollar up for its largest gain in three weeks.  Commerce Department data showed new home sales rose to 9.6 percent, which was better than economists surveyed by Bloomberg expected.  Read More

Mid-Day Gold & Silver Market Report – 2/26/2014

GOLD DOWN FOLLOWING MULTI-SESSION RALLY A stronger U.S. dollar has pulled Gold from its highest level in more than four months as expectations for ongoing monetary stimulus cuts propped up the greenback versus competing world currencies.  Gold’s safe haven appeal has recently Read More

Morning Gold & Silver Market Report – 2/26/2014

GOLD DOWN AFTER EARLY GAINS The Gold price hit a fresh three-month high before profit-taking cut into gains in early-morning trading. Saxo Bank senior manager Ole Hansen said, “At the moment the market is reacting to weaker data from China and the U.S. on the assumption that if economic slowdown is confirmed then there may be some scaling back of [Federal Reserve] tapering.” Fed Chairwoman Janet Yellen ... Read More

Closing Gold & Silver Market Report – 2/25/2014

GOLD UP SLIGHTLY; STOCKS FAIL TO REACH RECORD HIGH The Gold price remains in positive territory again today as wavering economic news has pushed the yellow metal to its highest level in 17 weeks. “People are concerned about U.S. economic growth, and that’s why many people have turned bullish,” Archer Financial Services senior market strat... Read More

Mid-Day Gold & Silver Market Report – 2/25/2014

U.S. DATA BOOSTS GOLD The Gold price turned positive in morning trading, erasing losses after U.S. consumer confidence data disappointed markets. Mitsubishi analyst Jonathan Butler said, “The reading below 80 is seen as quite negative for the economic outlook and that seems to be proving sufficient to get above the rather sticky resistance level of $1,337 (per ounce). If we consistently break beyond the... Read More

Morning Gold & Silver Market Report – 2/25/2014

PRECIOUS METALS TRADING FLAT AS INVESTORS EYE UPCOMING DATA Gold is trading relatively flat through early morning trading, giving back some of its previous gains.  With new weak U.S. economic data expected and turmoil between governments and their citizens abroad, Gold’s decline from last year is turning around.  Marex Spectron head of Precious Metals David Govett said, “So far Gold’s resilience has surprised me. We have dipped off a few times, but Read More

Closing Gold & Silver Market Report – 2/24/2014

PRECIOUS METALS RISE WITH SAFE HAVEN APPEAL Precious Metals are on the rise today from investor concern over poor U.S. economic data along with Ukrainian financial woes as the nation expressed it requires $35 billion to avoid monetary default on its debt.  “There is some safe-haven buying because of continued signs of slowing growth in... Read More

Mid-Day Gold & Silver Market Report – 2/24/2014

GOLD CONTINUES RISE DESPITE WEAK GLOBAL DATA Concerns over the growth of the global economy have lifted Gold to its highest level in 3 ½ months as investors seek security following sluggish economic reports in the U.S. and China.  "Short-term sentiment towards [G]old is pretty positive, but the metal should break through $1,337 to gain further momentum," Sharps Pixley director Ross Norman, said.... Read More

Morning Gold & Silver Market Report – 2/24/2014

PRECIOUS  METALS UP AS INVESTORS AWAIT DATA Precious Metals prices are higher through early morning trading, with Gold staying near a three and a half month high.  A combination of violence in Ukraine, a steep drop in U.S. existing home sales and a recent trend of spotty economic data have boosted Gold’s safe-haven appeal.  Many investors will look for direct... Read More

Weekly Gold & Silver Market Recap – 2/21/2014

SOFT DOLLAR CONTINUES TO BUOY METALS Gold began to claw its way upward Monday to its highest level in more than three months thanks to a weaker dollar. 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 price. "The question is ho... Read More

Mid-Day Gold & Silver Market Report – 2/21/2014

PRECIOUS METALS PROVIDED BOOST; U.S DOLLAR STRUGGLING Precious Metal prices have rebounded from yesterday’s losses and are trading higher through mid-day trading.  Violence around the world has boosted Gold’s safe-haven appeal. That coupled with traders awaiting direction from upcoming speeches by Federal Reserve officials have been positive for metal prices. Gary Dugan, chief investme... Read More

Closing Gold & Silver Market Report – 2/20/2014

PRECIOUS METALS FLAT AS EQUITIES GAIN FOOTING Precious Metals are trading relatively flat through afternoon trading.  A stronger U.S. dollar, along with data showing a slowdown in Chinese manufacturing activity, have provided pressure to the metals.  However, even with today’s pullback, many have a positive outlook on Gold for the year.  Sharps Pixley chief executive officer Ross Norman told MarketWatch,  “There remains some skepticism amongst market prof... Read More

Mid-Day Gold & Silver Market Report – 2/20/2014

PROFIT-TAKING WEIGHS DOWN GOLD PRICE Gold is down slightly again today as the run up to a 3 ½ month high encouraged a round of profit-taking.  Some of the profit-taking was triggered by reassuring comments included in the minutes from the recent Federal Reserve policy meeting.  The minutes indicated an ongoing commitment to a steady reduction in quantitative easing (QE) measures.  However, it appea... Read More

Morning Gold & Silver Market Report – 2/20/2014

DATA CONTINUES TO DISAPPOINT; DOLLAR HOLDS FIRM Precious Metals and U.S. stock futures are moderately lower in early morning trading. Though macroeconomic data has underwhelmed investors recently, the U.S. dollar has held firm this week, keeping a hard ceiling over Gold’s upward momentum. Commerzbank analyst Daniel Briesemann said, “Gold is trading in a tight range. We have seen some profit taking, but ... Read More

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

FED MINUTES PROVIDE ANSWERS; GOLD’S WINNING STREAK ENDS The minutes from January’s Federal Reserve policy meeting were released today, showing the desire to raise interest rates once the unemployment rate drops below 6.5 percent.  Several policymakers agreed to continue tapering the bond buying program by $10 billion a month if U.S. economic conditions stabilize and show growth.  “It seems pretty safe to say that they are close to doing away formally with the 6.5 p... Read More

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
US Dollar Prices are in USD

Precious Metal Prices
4/20/2014 7:57:37 PM EST

Metal Bid Ask Change
Gold $1,291.70 $1,293.70 ($2.20)
Silver $19.50 $19.60 ($0.05)
Platinum $1,403.70 $1,413.70 ($15.00)
Palladium $792.00 $797.00 ($11.10)
4/20/2014 7:57:37 PM EST

Click here for Historical Charts*All Charts are in USD

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