Barry Stuppler

Gold sold off this morning after the July Producer Price Index (PPI) showed it jumped 0.9%... Barry Stuppler

A weak US Dollar and speculation that the Federal Reserve will be lowering interest rates in September took the Gold price up to $3,370 in London this morning... Barry Stuppler

The U.S. Bureau of Labor Statistics reported this morning that the Consumer Price Index (CPI) increased 0.2% in July, after a 0.3% increase in June... Barry Stuppler

Last Friday’s Gold trading started with the Financial Times reporting that the U.S. Customs and Border Protection agency stated that one-kilogram and 100-ounce bars of Gold are indeed subject to 39% reciprocal tariffs... Barry Stuppler

This morning, Gold traders are still waiting for clarity from Trump on Gold bars and many of the key economic indicators coming this week... Barry Stuppler

This morning, the U.S. Customs and Border Protection agency has clarified that Kilo and 100-ounce Gold bars from Switzerland, London, and Hong Kong will have a tariff... Barry Stuppler

Gold tested the important $3,400 resistance level this morning, reaching a high of $3,397.50 per ounce before seeing selling... Barry Stuppler

Gold has traded in overseas and domestic commodity markets between $3,357 - $3,386 per ounce... Barry Stuppler

Gold continued its bullish move, reaching a high of $3,391 before seeing selling.,, Barry Stuppler

Last week, Gold was heading for a weekly loss early Friday, with a strong U.S. Dollar and fading hopes of any interest rate cut because of Powell’s statements at his Wednesday news conference... Barry Stuppler