Barry Stuppler

A combination of a weaker U.S. Dollar and weekend short covering has caused Gold to rally $5 . . . .

Gold tested Tuesday’s low of $1,216 this morning an held . . . .

After reaching a low of $1,214 per ounce yesterday, worldwide bargain buying started . . . .

A continuation of a stronger U.S. Dollar and higher 10-year Treasury yields put pressure on the Gold price today, driving it down to $1,216 per ounce . . . .

Last week wasn’t pretty for Gold investors. During those five trading days, Gold declined $41.40 per ounce, closing last Friday at $1,226.90 per ounce. A number of factors caused the drop in the Gold price . . . . 

The Gold market is showing excellent price support above $1,226 per ounce, after last week’s decline . . . .

Gold is treading water in the $1,226 to $1,236 price range, awaiting direction from the results of Sunday’s French election . . . .

Gold broke below the key $1,250 support level late yesterday . . . .

Today’s Federal Open Market Committee meeting is negatively effecting the price of Gold . . . .

Gold traded in a narrow $6 high/low range today, from $1,252 to $1,258 per ounce . . . .