Barry Stuppler

Gold and Silver prices are up going into Tuesday with traders eagerly anticipating the Federal Reserve’s Open Market Committee and what Fed Chair Jerome Powell will say in regards to interest rate cuts... Barry Stuppler

Gold trading started last night in China in a narrow range between $4,195 and $4,206 per ounce... Barry Stuppler

For most of last week’s trading, Gold stayed above the key $4,200 per ounce level... Barry Stuppler

Last night in overseas trading, Gold reached a low of $4,194 in China and then moved back above $4,200 and stayed there in India, London, and U.S. trading... Barry Stuppler

Last night, Gold fought to stay above the $4,200 level in all of the overseas markets... Barry Stuppler

Gold continues to consolidate while building an excellent base above $4,200 per ounce in all the overseas markets last night... Barry Stuppler

Gold was trading over $4,200 in China and India, reaching a high of $4,237 last night. Then, in Late London trading and in the U.S., selling hit the Gold market, dropping the price down to $4,165 per ounce... Barry Stuppler

Gold traded last week between $4,036 to $4,224 per ounce, closing on the high of $4,224, up $144 for the week... Barry Stuppler

Gold started trading in Hong Kong last night at $4,241 per ounce, up $20 on excellent volume... Barry Stuppler

The financial markets are now believing that there will be another interest rate cut in December by the Federal Reserve. A weaker U.S. Dollar also contributed to the rise in precious metals... Barry Stuppler