Barry Stuppler

Gold rallied yesterday after the FOMC statement was released . . . .

Gold hit $1,251 this morning, before seeing some selling. The markets are awaiting the Fed statement . . . .

In Asian, European and U.S. commodity markets Gold moved down slowly, reaching a low of $1,236 per ounce . . . .

Last week’s Gold correction, closing at $1,248 per ounce, was caused by a combination of short term factors. Those factors being . . . .

Gold rallied in Asian markets, reaching a high of $1,252 per ounce, before seeing selling on light volume . . . .

U.S. equity markets and the U.S. Dollar continue to rally, putting pressure on precious metals . . . .

With the US Dollar hitting a 2 week high amid optimism towards the passage of the Republican backed Tax Reform plan, we saw Gold hit the $1,260 floor and break through . . . .

Gold sold-off this morning, breaking below the recent $1,270 per ounce support level . . . .

It becomes frustrating to watch the battle behind the Gold bulls and bears during the past few months, as Gold trades between the $1,270 and $1,300 per ounce levels . . . .

Gold tested its $1,270 support level this morning, reaching a low of $1,272 before . . . .