Barry Stuppler

Last Friday, Gold closed at $1,266 per ounce, down $23 per ounce from the 2017 high of $1,289 reached on April 21. The slide in the Gold price started on Monday, after Marine Le Pen, leader of the National Front, came in second in the French runoff . . . .

Gold broke out of its recent $1,260/$1,270 per ounce trading range . . . .

Its Friday and Gold continues to trade within a very narrow $5 per ounce range . . . .

Gold is trying to consolidate in a narrow $7 high/low trading range, from $1,268 to $1,261 per ounce . . . .

A stronger U.S. dollar and higher treasury yields are keeping the pressure on the price of Gold this morning . . . .

The Gold price is trying to consolidate above $1,265 per ounce . . . .

Gold has now increased six weeks in a row, closing at $1,289.10 per ounce last Friday; an $88 increase over the past six weeks, and up $139 (12%) since the beginning of 2017, a new record high for the year . . . .

This morning Gold sold off, hitting a low of $1,266 on the news that Marine Le Pen did not finish 1st in the French election runoff . . . .

Gold continues to build an excellent base above $1,280 per ounce . . . .

The high/low trading range for Gold was only $7 today, with a high of $1,284 and a low of $1,277 per ounce . . . .