Barry Stuppler

Gold prices have moved moderately lower in the aftermath of a U.S. non-farm payrolls number that was a big miss to the upside. Gold initially pushed a bit higher right after the employment report, but those gains were short-lived. Gold prices had traded modestly lower overnight . . . .

This morning the U.S. Department of Labor stated that June employment increased by 222,000 workers, much higher than expected . . .

Gold has been locked in a $1,222 to $1,228 per ounce trading range for most of the day . . . .

Despite recent pressure, famed investor and gold expert Dennis Gartman says he’s "reasonably impressed" with the metal’s performance, especially as sister commodity crude oil struggles . . . .

During the July 4th holiday, Gold moved higher, reaching $1,230 on the news of the North Korean missile launch . . . .

Last week Gold traded between $1,236.50 and $1,259 per ounce, closing at $1,242.30 per ounce on Friday, down $14 for the week. It was a disappointing week for Gold investors . . . .

Beginning of the end: The entire mining sector could be headed for closure as mining costs rise and production decreases . . . .

This morning Gold broke below the $1,230 per ounce 200-day moving average . . . .

India is the world’s largest consumer of gold . . . .