Barry Stuppler

Yesterday, concerns that the Federal Reserve minutes could show an interest rate increase in June caused Gold to test the $1,250 support level . . . .

Gold has traded in a tight $11 high/low base building range today . . . .

Last week, many of Gold’s indicators turned bullish and the price reacted with a $26 per ounce rally. Gold reached a high of $1,265 last Thursday, before seeing short-term selling . . . . 

Gold’s rally continued this morning, with Gold hitting $1,263 per ounce, as the U.S. Dollar continues to decline . . . .

After an exciting week for Gold owners, with a $35 rally, Gold is settling into a nice trading range . . . .

After yesterday’s $21 rally on top of Gold’s $20 increase in the previous five days, it’s time for a small bit of consolidation . . . .

The markets are reacting to the turmoil with the equity markets falling, U.S. Dollar Index breaking below the 98, and 10-year Treasury bond yields dropping . . . .

Gold is up today, the fifth day in a row, reaching a high of $1,239 per ounce . . . .

Last week we saw the turn in precious metal prices. Gold made a new 60-day low last Tuesday at $1,214 per ounce before heavy trading volume started pushing the Gold price higher . . . .

Gold rallied this morning as we saw continued weakness in the U.S. Dollar . . . .