Barry Stuppler

Gold briefly moved below the key $1,330 support price in Asian markets, then quickly rallied $5 per ounce . . . .

Today the Labor Department said that U.S. employment increased by 200,000 jobs for January. This caused the U.S. Dollar and interest rates to rally and Gold/Silver and equity markets to decline . . . .

While gold is very close to a major breakout (in price) its strength has not filtered down to silver yet, writes Jordan Roy-Byrne. . . .

Late yesterday the Federal Open Market Committee said that they expect that inflation will move up this year . . . .

Investors should not take it for granted that inflation will rise from here, but whatever the direction of markets, gold is a prudent investment right now, according to Bill McQuaker, multi asset investment manager at Fidelity . . . .

Consumption of the precious metal climbed 9.4 per cent to 1,089 tonnes, according to data from the China Gold Association, released on Thursday. That represents a big turnaround . . . .

Gold futures settled modestly higher Wednesday, helped by a slightly weaker dollar index even as stocks reclaimed a portion of the sharp declines that marked the start to the week . . . .

Gold traded in a $11 high/low range today within the recent consolidation levels . . . .

A bear market rally in the U.S. Dollar has added a little pressure on the Gold price today . . . .

A rally in the U.S. Dollar and interest rates has caused a lower Gold price today . . . .