Barry Stuppler

Gold tested the $1,250 per ounce support level this morning, reaching a low of $1,251 before sizeable buying appeared . . . .

Last Friday, as Gold approached its recent high of $1,280 per ounce some news overshadowed the rally . . . .

Gold is trading in a very narrow $4 high/low range today, between $1,259 and $1,255 per ounce . . . .

Officers of the Professional Numismatists Guild (PNG) have selected Barry Stuppler to be the organization’s President for the 2017 – 2019 term. Stuppler was selected during the PNG Board of Directors meeting in Denver, Colorado on July 30, 2017 . . . .

Starting in September, the U.S. Mint will be issuing its first American Eagle bullion coin struck in .9995 fine palladium . . . .

Gold held steady today in Asian and European trading and was flat for the week, consolidating near the $1,270 per ounce level and the 2.5% gain seen in July. It remains close to a seven-week high hit this week, as the dollar remains weak and vulnerable near multi-month lows after five consecutive months of declines . . . .

Considering that the Dow Jones Industrial Average is over 22,000 and U.S. employment rate gained 209,000 new jobs in July, Gold is surprisingly holding above $1,250 per ounce . . . .

Gold bar and investment coin demand is up 11% year-on-year . . . .

Gold is consolidating after its recent rally, trading between $1,260 and $1,270 per ounce for most of today . . . .

Gold prices rose to a seven-week high on Tuesday, after U.S. economic data showed lukewarm inflation and nearly flat consumer spending, raising the question of whether the Federal Reserve will raise interest rates in the coming months . . . .