Gold reached a low of $2,766 because of the higher U.S. Dollar and a firm belief that the inflation caused by the tariffs will not allow the Fed to cut interest rates this year... Barry Stuppler
Yesterday, it was confirmed that the Federal Reserve will leave interest rates unchanged. Plus, at the press conference, Chairman Powell stated... Barry Stuppler
Gold appears to have the support needed to stay over the key $2,750 level as we approach Chairman Powell’s coming statements on the direction of U.S. interest rates... Barry Stuppler
In overnight trading Gold tested the key $2,750 per ounce support level, and reached a low of $2,743 before rallying back on heavy volume... Barry Stuppler
Unlike after President Trump’s election when Gold dropped $73 the next day, after Trump’s inauguration, Gold rallied $30 within four days... Barry Stuppler