Barry Stuppler

Last week was the second week in a row that the Gold price was on the defensive . . . .

Gold has traded in a very tight $5 High/Low spread today, between $1,266 and $1,271 per ounce . . . .

Research firm Rhodium Group estimates that in the first five months of this year Chinese acquisitions and investments into America amounted to just $1.8 billion, off 92 per cent since this time last year, CNBC reports . . . .

After Dumping Half of US Treasuries in April . . . .

This morning in early morning trading Gold was sold down to $1,258 per ounce on little selling. At that point . . . .

The stronger U.S. Dollar Index, which is now at the 95 level, is keeping Gold from moving higher . . . .

The Russian central bank takes into account all risks, including geopolitical ones, while managing its gold and foreign exchange reserves . . . .

Platinum Guild International (PGI) has released its Q1 Platinum Jewellery Business Review of the platinum jewelry market around the world . . . .

Gold reached a high of $1,309 and a low of $1,273, a $36 range, last week. Last Tuesday, Gold rose above the key $1,300 resistance level . . . .

This morning bargain buyers jumped into Gold in Asia, Europe and in American markets and firmed up demand . . . .