Barry Stuppler

Gold held near its highest in more than a year on Friday as weak economic data lowered expectations of a December interest rate rise in the United States . . . .

Gold hit a new one-year high this morning of $1,357.30, then sold off on Friday trading to $1,343 . . . .

The largest Russian bank, Sberbank, is planning to increase the supply of gold to China up to 10-15 tons in 2018. Keeping in mind that both the Russian ruble and Chinese yuan are covered by gold, this step is a part of the “de-dollarization” of their economies . . . .

The price of gold rose to a one-year peak on Thursday after the dollar tumbled on the back of weak U.S. jobs data and an unchanged growth and inflation outlook from the European Central Bank . . . .

Gold took its first run at the next resistance level of $1,350 per ounce, reaching a high today of $1,349.50 . . . .

Gold continues to stay in a very bullish tight trading range today, from $1,332 to $1,342 per ounce . . . .

August was a super month for Gold investors with Gold rallying $49 per ounce during the month. The rally continued on Friday . . . . 

As the U.S. Dollar and interest rates continue to drop, Gold is trading in a narrow $12 high/low range from $1,328 to $1,340 per ounce . . . .

Jim Rickards and Eric Sprott – neither are from the truly fanatical end of the gold bull community – both reckon gold is going to $10,000 an ounce – not in the short term, but over time, and they are probably right . . . .

The U.S. economy is moving along with the August Jobs report being released today by the Labor Department . . . .