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

The 10-Year Treasury interest rates hit a 2-year high today of 1.60%, which caused the U.S. Dollar Index to rally and Gold to. . . .Barry Stuppler

Reports of strong U.S. Home Sales in January drove up the U.S. Dollar Index and 10-Year Treasuries. . . .Barry Stuppler

Gold briefly tested the $1,800 support/resistance level this morning, reaching a low of $1,796 before rallying back. . . .Barry Stuppler

With a weaker U.S. Dollar Index and talk of the $1.9 trillion COVID-19 relief bill in Congress, Gold started a rally in European Markets. . . .Barry Stuppler

Last week was ugly for Gold investors, with Gold breaking down below the key $1,800 per ounce support level. . . .Barry Stuppler

After reaching a low of $1,764 per ounce in early Asian trading today, Gold rallied back to $1,790 before seeing selling . . . . Barry Stuppler

Gold traded today between $1,767 and $1,787 waiting for a firm direction. A move back above the key $1,800 support/resistance level. . . .Barry Stuppler

Gold is down today on higher 10-Year U.S. Treasury yields, over 1.3%, and a stronger Dollar Index over 91. Gold’s 1% downturn. . . .Barry Stuppler

A strong U.S. Dollar Index, helped by an increase in 10-year Treasuries caused Gold to break down below the key $1,800 level. . . .Barry Stuppler