Barry Stuppler

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 . . . .

Most of this morning Gold has traded in a very narrow $8 high/low range, with spot Gold trading between $1,280 to $1,272 . . . .

“We believe that precious metals remain a relevant asset class in modern portfolios, despite their lack of yield,” said Goldman Sachs in a recent report on the dilemma of what investors should do about falling gold price . . . .