Barry Stuppler

Today, the Federal Reserve, as expected, raised interest rates by ¼ of a point . . . .

Apparently, the North Korean summit didn’t produce enough information to move the precious metal needle . . . .

The Gold price was on hold last week. All five-trading days, Gold closed between a low of $1,293 and a high of $1,298.50 per ounce; an unbelievably narrow high/low range of only $5.50 on low trading volume . . . .

To say the results of last weekend’s G-7 meeting were disappointing is an under-statement . . . .

With China’s strong economic growth in the first quarter of this year, jewelry demand in that country also increased, but platinum jeweler demand lagged behind other jewelry segments owing to a lack in innovative product and market-wide marketing support, says Platinum Guild International . . . .

Gold continues to stay in a very tight $7 high/low trading range . . . .

There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony . . . .

Gold continues to trade in a tight $8 high/low trading range . . . .

Next week is the two-day FOMC meeting followed by a press conference. Presumably there will be a 25-basis point rate “hike” on Wednesday, June 13th at 2:00 p.m. EST . . . .

Gold briefly broke back above the key $1,300 per ounce level this morning on fresh buying . . . .