Barry Stuppler

On April 18th, 2018, Gold was trading at $1,353 per ounce and the U.S. Dollar Index was at 89.48. Then, fears of a trade war among the U.S., China, and Europe hit the market place . . . .

This morning, Gold tested the $1,200 per ounce support level, reaching a low of $1,203 . . . .

Gold prices traded higher on Friday as Federal Reserve chairman Jerome Powell emphasized the central bank’s plans for gradual interest rate hikes would be conditioned on the continued strength of the U.S. economy and labor market . . . .

Recently the value of the U.S. Dollar has pretty much dictated the direction of Gold prices . . . .

After a major sell-off, precious metals are a cheap buy for long-term investors, according to Wells Fargo Investment Institute, which highlighted silver as the best investment choice at the moment . . . .

Gold appears to be forming a trading range between $1,180 and $1,200 per ounce . . . .

How will Iran, Russia, and Turkey react to the plethora of financial sanctions being placed on them by the United States?  Well, they will do what anyone being beaten with a stick would do: they will try to escape . . . .

Does gold go on vacation? I don’t know, but I am going for sure. But before that happens, I encourage you to read another special edition of the Gold News Monitor from Auburn, Alabama . . . .

Gold briefly broke above the $1,200 resistance level this morning, reaching $1,202 per ounce . . .

Demand for Gold is picking up and so is the trading volume and price . . . .