Barry Stuppler

Now that the election is behind us, the financial markets have eliminated the unknown, and are back to normal . . . .

Gold tested support this morning, reaching a low of $1,223 per ounce . . . .

Venezuela is seeking to repatriate about $550 million (423 million pounds) in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters . . . .

Gold is stuck in a tight $8 High/Low range between $1,227 and $1,235 per ounce . . . .

Gold closed last Friday at $1,231 per ounce, down $1.50 for the week . . . .

Expectations of a weak dollar and support from gold will help silver prices recover, say experts . . . .

Central bank buyers acquired approximately $5.8 billion worth of gold in the third quarter of the fiscal 2018, marking the highest level of net purchases since 2015, the World Gold Council said in a release issued on Thursday . . . .

In late trading, major buying hit the Gold market, driving the price up to $1,236 per ounce . . . .

Today, we saw the perfect storm of bearish precious metal news . . . .

Palladium’s surge to a record has intensified talk among analysts that carmakers will look to replace it with cheaper platinum for use in pollution-control devices . . . .