Barry Stuppler

The low interest rate economy has meant that good conservative investments have been few and far between . . . .

Interesting overnight trading in the Gold market. In Asian trading, Gold reached $1,296 per ounce on the possibility of North Korea cancelling the Trump summit . . . .

Gold broke down below the key $1,300 per ounce level, reaching a low of $1,289.50 before finding buyers . . . .

The combined purchases by Russia, Turkey and Kazakhstan accounted for nearly 50% of the overall net gold purchases . . . .

Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases . . . .

Gold traded below the $1,305 price five times in the past two weeks, testing the important $1,300 per ounce resistance level. Now, Gold has firmed up that support and is finally moving up to the $1,320 area . . . .

Gold is trading in a very narrow $6 high/low trading range, from $1,323 to $1,317 per ounce . . . .

Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd . . . .

After Gold’s recent decline to the $1,305 area, its bullish for the Gold price to consolidate above the $1,320 level . . . .

This morning we saw a crack in the strength of the U.S. Dollar and Gold rallied . . . .