Barry Stuppler

Last week, Gold had an amazing week, closing within a $10 high/low range all five days . . . .

Gold opened higher this morning on a softer U.S. Dollar and a small decline in interest rates . . . .

Bullion is often used as a safe haven in times of geopolitical and economic uncertainty, while riskier assets such as equities are generally sold off . . . .

Commodity prices stormed higher in the decade to 2012, fueled by a mismatch between Chinese demand and global supply, creating supply shortages that led to substantial gains in many commodity markets . . . .

The Gold price is behaving amazingly strong today . . . . 

With the U.S. Dollar now trading at a 2-month high and interest rates and equity markets strong, Gold remains on the defensive . . . .

U.S. interest rates increased to a six month high today (10-year at 2.45%) and Gold remains unchanged . . . .

Although gold has fallen below key resistance, one market analyst said that he sees some underlying strength in the marketplace as the metal holds above important support levels . . . .

Russia’s central bank last month purchased the most gold in nearly a year, reported Commerzbank . . . .

As our equity markets and the U.S. Dollar continue to rise, Gold is holding in a narrow trading range between $1,274 and $1,284 per ounce . . . .