Barry Stuppler

A stronger U.S. Dollar Index, based on a pending announcement regaurding the U.S. – China trade agreement, combined with a story

While two weeks ago the Gold price closed between $1,289 and $1,290.40, only a $1.40 range, the closing range last week . . . .

Gold tested support this morning, reaching a low of $1,281 before major buying appeared . . . .

After yesterday’s $17 price drop Gold has returned to a tight trading range between $1,288 to $1,295 per ounce. It appears . . . .

This morning it was reported that in March U.S. jobless claims fell (lowest level since 1969) and the Producer price index increased. These two . . . .

Many of the professional traders who shorted Gold at $1,300 are now covering those short-sells. That buying is helping . . .

As the U.S. Dollar drops in Asia and Europe, Gold is back on track. Gold is trading above the $1,300 level for . . . .

All five business days last week, Gold closed between $1,289 and $1,290.40, only a $1.40 range from . . . .

This morning, China reported it purchased 11.2 tonnes of Gold in March. This is the fourth straight month China has increased its Gold reserves . . . .

Gold continues to stay in the $1,280 to $1,300 trading range as the U.S. Dollar Index moves back above 97 . . . .