Barry Stuppler

Gold reached a high of $1,835 in overnight Asian trading, on news from Fed Chairman Powell . . . . Barry Stuppler

Strong indications of a faster increase in inflation worldwide caused a breakout in the Gold price this morning . . . . Barry Stuppler

The Gold price attempted to break the $1,820 per ounce level, reaching a high of $1,818 in early European trading, but wasn’t successful . . . . Barry Stuppler

As Pandemic concerns intensified, world economic numbers tightened and interest rates dropped to the lowest level in 2021. . . . Barry Stuppler

A strong U.S. Dollar and higher interest rates caused Gold to briefly break down below the important $1,800 in overnight trading . . . . Barry Stuppler

With the U.S. Dollar Index and interest rates basically in a holding range, Gold is starting to show better demand . . . . Barry Stuppler

Staying above the key support $1,800 level is important, but moving above $1,820 signals a breakout . . . . Barry Stuppler

U.S. 10-Year treasuries reached a 5-month low of 1.298% this morning, which fueled a rally in the Gold market . . . . Barry Stuppler

As the U.S. Dollar lost value in overnight trading, reaching 92, the price of Gold kept on rallying, hitting a high of $1,816 per ounce . . . . Barry Stuppler

The Federal Reserve reported that the U.S non-farm payrolls increased 1%, up 850,000 new jobs in June. This positive economic news helped create fresh demand for Gold. . . . Barry Stuppler