A combination of an oversold Gold price, a sell-off in the stock index, and a weaker U.S. Dollar drove the price of Gold higher all day... Barry Stuppler
A weak US Dollar and speculation that the Federal Reserve will be lowering interest rates in September took the Gold price up to $3,370 in London this morning... Barry Stuppler
The U.S. Bureau of Labor Statistics reported this morning that the Consumer Price Index (CPI) increased 0.2% in July, after a 0.3% increase in June... Barry Stuppler
Last Friday’s Gold trading started with the Financial Times reporting that the U.S. Customs and Border Protection agency stated that one-kilogram and 100-ounce bars of Gold are indeed subject to 39% reciprocal tariffs... Barry Stuppler
This morning, Gold traders are still waiting for clarity from Trump on Gold bars and many of the key economic indicators coming this week... Barry Stuppler