Barry Stuppler

Gold opened higher in Asian markets and kept moving up . . . .

When we hear commentary on why the gold price has moved, we usually hear of U.S. economic or political factors and a move in the U.S. Dollar. Most times these do not precipitate the buying of physical gold . . . .

Gold is trading in a narrow $6 high/low range today, between $1,260 & 1,254 per ounce . . . .

How the economics of gold and silver can help us understand the challenges facing financial economics and whether we should invest in gold and silver was explored in an inaugural lecture by Professor Brian Lucey, Professor of International Finance and Commodities in Trinity Business School . . . .

Analysts with Citi said that growth in demand for gold bars in China has outpaced the increase in jewelry-related consumption . . . .

Yesterday, concerns that the Federal Reserve minutes could show an interest rate increase in June caused Gold to test the $1,250 support level . . . .

Standard Chartered looks for the palladium market to be in a supply deficit this year while platinum is nearly balanced; still, analysts said any move in palladium prices to the same level as platinum – should one occur – likely would be only temporary . . . .

Gold has traded in a tight $11 high/low base building range today . . . .

Last week, many of Gold’s indicators turned bullish and the price reacted with a $26 per ounce rally. Gold reached a high of $1,265 last Thursday, before seeing short-term selling . . . . 

Gold’s rally continued this morning, with Gold hitting $1,263 per ounce, as the U.S. Dollar continues to decline . . . .