Barry Stuppler

Gold briefly broke down below the $1,250 per ounce support level in early trading, but quickly regained the momentum . . . .

Gold dropped from $1,310 on June 14 to $1,237 on July 3, a $63 (4.8%) correction. This correction was primarily caused by large Asian corporations and investors selling Yuan and buying U.S. Dollars . . . .

The reality of a real trade war and its effect on the U.S. and world economies has finally hit the precious metal markets . . . .

Gold has stayed in a very tight $6 high/low trading range all day, between $1,253 and $1,259 per ounce . . . .

It appears that Tuesday’s low of $1,237 per ounce for Gold was too tempting for Central banks to ignore . . . .

Gold opened in Asian markets this morning at $1,238, hit a low of $1,237, then a major buyer appeared at that price . . . .

June was truly an ugly month for Gold investors. Gold started the month at $1,301 and ended at $1,251 per ounce, a $50 decline . . . .

Gold continues to trade in a declining $15 high/low range today . . . .

After reaching a low of $1,245.50 per ounce on Thursday, we saw a rally start in Asia and move through the Mid-Eastern and European markets . . . .

In early Asian trading there was serious concern that a trade war would lead to a devaluation of the Chinese Yuan . . . .