Barry Stuppler

Last night, during Asian trading, Gold took a run at the important $1,250 per ounce resistance level . . . .

Gold was down after the Fed’s hike, but I expect it to start heading higher again. Too many powerful forces are driving it behind the scenes. Dwindling physical supply is a major one . . . .

Since February of 2017, Gold has traded between $1,201 and $1,298 per ounce. During that period of time Gold has made two attempts to break above the key $1,300 per ounce resistance level. The third attempt . . . . 

A firmer U.S. Dollar and a slight increase in interest rates has caused Gold to trade between $1,245 and $1,255 . . . .

After this week’s $17 price correction, the Gold price is stabilized in a tight $6 high/low trading range today . . . .

After yesterday’s Janet Yellen (chairman of the Federal Reserve) hawkish news conference, Gold sold off . . . .

India, which vies with China as the world’s top consumer of bullion, is working on new policies to improve transparency and help expand its $19 billion gold jewelry industry, according to people with knowledge of the matter . . . .

Credit Suisse still looks for $1,400-an-ounce gold by the fourth quarter . . . .

Gold moved back above the key $1,270 per ounce level this morning based on a number of factors . . . .

Gold is trading in a very narrow high/low price range, awaiting news from the Federal Reserve meeting . . . .