Barry Stuppler

In early trading we saw the U.S. 10-Year Treasuries reached a high of 1.63% and the U.S. Dollar Index hit 91.94, which caused the price of Gold to decline, testing the $1,700 resistance level . . . . Barry Stuppler

The Consumer Price Index for February was released this morning and it showed a slowing of inflation . . . . Barry Stuppler

Gold reached a low of $1,708 in Asian and early European trading, then rallied back to $10 on fresh buying . . . . Barry Stuppler

Just as a number of commodity houses were saying Gold will bottom out at $1,600 and traders were short selling Gold, thinking that $1700 is a resistance level it couldn’t break . . . . Barry Stuppler

This morning higher interest rates and U.S. Dollar Index (92.36) has put pressure on the Gold price, reaching a new 2021 low of $1,678 per ounce . . . . Barry Stuppler

U.S. Employment numbers are moving up, as well as the U.S. Dollar Index (over 92) . . . . Barry Stuppler

Interest rates continue to move higher, causing the U.S. Dollar Index to reach a high of 91.44 . . . . Barry Stuppler

The U.S. Dollar Index moved back above the key 91 level this morning, causing Gold to test its $1,700 per ounce support level . . . . Barry Stuppler

After reaching a new 2021 low of $1,710 per ounce in overnight Asian trading, Gold rallied back in late European and early U.S. trading . . . . Barry Stuppler

The Gold price had a strong rally, reaching $1,761 in Asia and Europe this morning as the 10-Year Treasury reached a low of 1.38% . . . . Barry Stuppler