Barry Stuppler

Gold futures settled modestly higher Wednesday, helped by a slightly weaker dollar index even as stocks reclaimed a portion of the sharp declines that marked the start to the week . . . .

Gold traded in a $11 high/low range today within the recent consolidation levels . . . .

A bear market rally in the U.S. Dollar has added a little pressure on the Gold price today . . . .

A rally in the U.S. Dollar and interest rates has caused a lower Gold price today . . . .

Expectations around which way the precious metals will be heading in 2018 have changed for the better, according to an informal survey conducted by nonprofit Professional Numismatists Guild (PNG) . . . .

Yesterday, the President’s comments left all the currency traders and the Gold traders scratching their heads. The price of Gold was enjoying a healthy sustained rally after the Treasury Secretary Steve Mnuchin indicated that a weak dollar was in the best interests of our economy . . . .

The U.S. Dollar continues to decline . . . .

If gold trading this morning in Europe is anything to go by, gold is headed for US$1,350 an ounce . . . .

As the U.S. Dollar hits a 3-year low, and Treasury Secretary Mnuchin stated “a weaker dollar is in the best interests of our economy” the stage was set for a higher Gold price . . . .

Gold continues its gradual move higher, reaching a high of $1,339 per ounce today . . . .