Barry Stuppler

After trading above and below the important $1,300 level for the past three weeks, Gold appears to have (hopefully) firmly . . . .

Today, the Federal Reserve, as expected, raised interest rates by ¼ of a point . . . .

Apparently, the North Korean summit didn’t produce enough information to move the precious metal needle . . . .

The Gold price was on hold last week. All five-trading days, Gold closed between a low of $1,293 and a high of $1,298.50 per ounce; an unbelievably narrow high/low range of only $5.50 on low trading volume . . . .

To say the results of last weekend’s G-7 meeting were disappointing is an under-statement . . . .

Gold continues to stay in a very tight $7 high/low trading range . . . .

Gold continues to trade in a tight $8 high/low trading range . . . .

Gold briefly broke back above the key $1,300 per ounce level this morning on fresh buying . . . .

Gold doesn’t want to go down. They took it below $1,290 this morning, but major buying appeared and the price quickly jumped $5 per ounce . . . .

Most of last week, Gold traded above and below the important $1,300 per ounce support/resistance level. Gold ended last week at $1,295 per ounce, down $8 on normal volume . . . .