Barry Stuppler

Indian gold imports during April has increased drastically to 75 tons, which is about twice the increase when compared to year ago period . . . .

Last week wasn’t pretty for Gold investors. During those five trading days, Gold declined $41.40 per ounce, closing last Friday at $1,226.90 per ounce. A number of factors caused the drop in the Gold price . . . . 

The Gold market is showing excellent price support above $1,226 per ounce, after last week’s decline . . . .

Gold is treading water in the $1,226 to $1,236 price range, awaiting direction from the results of Sunday’s French election . . . .

On 11 April gold prices broke above the 200-day moving average. They rose to a high of USD 1,295 per ounce on 17 April. Since then, prices have fallen by close to 5% . . . .

Gold broke below the key $1,250 support level late yesterday . . . .

Gold imports by India, the world’s biggest market after China, jumped to the highest level since 2014 . . . .

Critically, this physical gold stored at both the Bank of England vaults and the commercial London vaults underpins the gargantuan trading volumes of the London Gold Market and the same market’s ‘liquidity’ . . . .

Today’s Federal Open Market Committee meeting is negatively effecting the price of Gold . . . .

Gold traded in a narrow $6 high/low range today, from $1,252 to $1,258 per ounce . . . .