Barry Stuppler

Gold traded today between $1,725 and $1,738 per ounce, as it continues to consolidate recent gains off the recent lows . . . . Barry Stuppler

A decrease of over 100,000 in US unemployment claims gave strength to the U.S. Dollar Index, almost reaching 93, another 2021 high . . . . Barry Stuppler

Although the U.S. Dollar Index made a new 2021 high of 92.60, the Gold price showed excellent consolidation above $1,720 per ounce in Asian and European trading . . . . Barry Stuppler

The U.S. Dollar Index reached a 2021 high this morning of 92.30, which caused a sell-off in the Gold price . . . . Barry Stuppler

Gold opened about $5 lower this morning, over concerns of Turkey hiring its central bank governor over the weekend . . . . Barry Stuppler

In spite of a higher Treasury 10-Year rate and a strong U.S. Dollar Index, the demand for Gold continues to drive up the price . . . . Barry Stuppler

Federal Reserve Chairman Jerome Powell on Wednesday gave a greatly improved economic forecast . . . . Barry Stuppler

Gold is trading in a narrow range today, awaiting a Fed issued statement this afternoon, after the Federal Open Market Committee's meeting on future policy ends . . . . Barry Stuppler

The Gold price is base building today, trading between $1,726 and $1,742 per ounce . . . . Barry Stuppler

Gold showed excellent price support and demand this morning at above the $1,722 per ounce level . . . . Barry Stuppler