Barry Stuppler

On renewed global concerns over a possible trade war, there was excellent demand for precious metals in Asia, the Middle East and Europe this morning . . . .

Gold continues its Friday rally, reaching a high of $1,328 in Asian and European trading . . . .

The question of the day is, would a trade war based on protectionism be bullish for Gold? . . . .

Federal Reserve Chairman Powell is back in Congress today, talking and taking questions with Senators about the economy and Fed policies . . . .

Our new Federal Reserve Chairman, Jerome Powell, has been testifying to the U.S. House of Representatives this morning . . . .

Last week was a very good opportunity for Gold buyers to come in, with Gold dropping $25 per ounce based on four major factors . . . .

Early this morning, initial buying in China took the Gold price to a high of $1,341 per ounce . . . .

A stronger U.S. Dollar and U.S. interest rates moving higher are keeping Gold at current levels . . . .

I attribute much of this week’s decline in the Gold price to the Chinese New Year celebration as most Chinese businesses are closed the entire week . . . .

Gold has been fairly quiet this morning in part from the anticipation of the latest Fed news . . . .