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U.S. data

Gold & Silver Daily Market Recap: May 1st, 2012


Volatility remains high as spot gold saw wild swings from positive to negative. The metal rallied to $1671, before turning; as US ISM data was positive; lower to $1660.

Gold & Silver Daily Market Recap: April 30th, 2012


On the final trading day of April we saw volatility. Spot gold retreated to $1645, only to bounce back to trade above key support at $1650.

Spot gold started the week off firm before mixed US data and a softer Euro took the metal off of its highs at $1665. The metal recovered by late afternoon to trade above $1650. It was mostly thin volumes as China and Japan are out due to holidays. The euro slipped to 1.3205 on further uncertainty in the eurozone as Spain has fallen back into recession.

Gold & Silver Daily Market Recap: April 24th, 2012

A choppy sideways day for precious metals as spot gold regained a portion of yesterday’s losses. The yellow metal traded to $1648, before slipping lower.

Gold & Silver Daily Market Recap: April 17th, 2012


A wild and volatile day in the precious metals complex where gold saw wild swings trading to a low of $1634 bouncing back to trade to $1657. With no rhyme or reason for this swing traders are left scratching their heads.

Gold & Silver Daily Market Recap: April 16th, 2012

A volatile day in the precious metals market as European debt woes was on the forefront of trader’s minds. Spot gold traded in a range hitting a high of $1658 before falling.

A stronger US dollar and fears of Spain defaulting were today’s trends.  Yields on 10-year bonds are at a 2012 high at 6.12 percent ahead of auctions on Thursday. Investors are now losing faith in the country’s ability to pay its debts. The market generally considers yields of seven percent and above to be unsustainable, requiring support from the European Central Bank.

Gold & Silver Daily Market Recap: April 5th, 2012

Spot gold flirted with breaking $1600 in yesterday’s trade as commodity wide liquidation was felt through-out. The metal held $1612 and traded to an intra-day high of $1634 in today’s trade.

Gold & Silver Daily Market Recap: April 2nd, 2012

On the first trading day for Q2, markets trended higher. Precious metals gained on positive U.S data, but a choppy week lies ahead as unemployment data is due on Thursday and Friday.


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