Barry Stuppler

The Federal Reserve ended a two-day meeting today with a statement confirming a high probability of an interest rate increase in December . . . .

Gold showed increased demand this morning when it hit its low of $1,305.70 per ounce . . . .

According to GJEPC data, the gold bar imports by the country jumped higher by nearly 40% in August this year . . . .

Last week Gold traded between $1,316 and $1,340 per ounce, as it continued to build a base after recent gains, taking it above the important $1,300 level . . . .

This morning the U.S. Dollar continues its recent move higher and interest rates have ticked higher, causing the world’s equity markets to move higher and Gold to move lower. . . .

Gold hit a high of $1,334 per ounce on news of the North Korean missile launch and a major drop in the U.S. Dollar’s value in overnight trading . . . .

This morning, Gold once again tested the $1,320 support level, by reaching a low of $1,316 . . . .

We continue to see light profit-taking from investors after Gold reached a 1 year high last Friday . . . .

Goldman Sachs Admits There’s Nothing Better than Physical Gold in a Crisis . . . .

Gold continues its price consolidation while building a nice base today between $1,322 and $1,329 per ounce . . . .