Barry Stuppler

In overnight Asian trading there was strong Gold demand, driving the price up to $1,289 per ounce for a short period of time . . . .

Billionaire hedge fund manager Ray Dalio didn’t just recommend gold last quarter. He bought a lot of it . . . .

Finally, a weaker U.S. Dollar has helped the Gold price move back above the $1,280 per ounce level today . . . .

Last week, Gold continued to trade in a narrow trading range between $1,271 to $1,281 per ounce. Many of the key financial indicators traded within a very tight range as the Gold price showed excellent consolidation . . . .

Gold has traded within a $5 high/low range today, from $1,275 to $1,280 per ounce . . . .

Russia has been expanding its gold reserves at a record pace, according to information from the World Gold Council (WGC). Russian business newspaper Kommersant suggests this gold rush will give Russia guarantees against sanctions and economic and geopolitical risks . . . .

A semi-holiday Friday has led to a lower Gold price, reaching $1,274 before finding support . . . .

Today, Gold is trading in a narrow $8 range, from $1,280 to $1,288 per ounce . . . .

The U.S. Dollar Index sells off after meeting resistance at the 95.00 level and precious metals move higher . . . .

As we’ve noted in our just published article on the Shanghai Gold Exchange’s October figures, Asian gold demand this year to date is definitely trending higher . . . .