Barry Stuppler

U.S. interest rates increased to a six month high today (10-year at 2.45%) and Gold remains unchanged . . . .

Although gold has fallen below key resistance, one market analyst said that he sees some underlying strength in the marketplace as the metal holds above important support levels . . . .

Russia’s central bank last month purchased the most gold in nearly a year, reported Commerzbank . . . .

As our equity markets and the U.S. Dollar continue to rise, Gold is holding in a narrow trading range between $1,274 and $1,284 per ounce . . . .

Most of this morning Gold has traded in a very narrow $8 high/low range, with spot Gold trading between $1,280 to $1,272 . . . .

“We believe that precious metals remain a relevant asset class in modern portfolios, despite their lack of yield,” said Goldman Sachs in a recent report on the dilemma of what investors should do about falling gold price . . . .

Last night the U.S. Senate passed a $4 trillion Budget Bill, clearing the way for . . . .

Silver bullion prices are expected to jump as solar and smartphone demand rises and the Fed tries to stave off economic weakness . . . .

Gold reached a low of $1,276.40 this morning before seeing weakness in the U.S. Dollar . . . .

For most of today, the yellow precious metal is trading in the $1,280 range . . . .