Barry Stuppler

GOLD The Gold price increased late yesterday partly due to the Indian government relaxing rules on the importation of Gold by consumers. This is likely to result in more Gold purchasing from Indian consumers. India is already the world’s second-largest consumer of Gold. Today, Gold continues to trade in a narrow price range on normal weekend light volume. At 11am...

GOLD The price of Gold increased today after yesterday’s U.S. Federal Reserve minutes indicated that there is no intention to raise interest rates in the near future. Although Gold did rally briefly above the key $1,300 per ounce resistance level, it quickly fell back below, and continues to stay in its narrow price range. At 11am PDT today, Gold is...

GOLD Gold continues to stay in a narrow trading range on light volume. Considering that the Russian troops on the Eastern Ukrainian border are pulling back to their home base, Gold is holding well. At 11am PDT today, Gold is trading at $1,288 per ounce, down $7 per ounce on light volume.   SILVER Silver traded most of the day...

GOLD A stronger U.S. Dollar versus the Euro and expectations that the European Central Bank will cut interest rates soon to support the euro zone economy, possibly at its policy meeting early next month, are having an uncertain impact on Gold. Gold has been trading in a very narrow $5 price range for most of the session. At 11am PDT...

GOLD Gold broke above the key $1,300 per ounce level this morning. However, it didn’t have enough support to protect against a selloff when reports hit the market that Russian President Putin ordered troops near the Ukraine border to return to their bases. At 11am PDT today, Gold is trading at $1,293 per ounce, unchanged from Friday’s close.   SILVER...

This Week’s Headlines: Gold John Paulson Holds On to his Major Gold Investment Silver Recommended Investment Commitment and Diversification GOLD Gold rallied above the key $1,300 per ounce level last Wednesday based on renewed violence between Ukrainian soldiers and Pro-Russian separatists and weak U.S. economic news from the April Producer Price Indicator. Then, on Thursday, weak unemployment numbers combined with...

GOLD In typical Friday type trading, the Gold market stayed within a $10 price range ($1,288 to $1,298) on light volume. At 11am PDT today, Gold is trading at $1,293, down $3 per ounce on light weekend volume.   SILVER The Silver price has been weak since the market opened, trading as low as $19.24 per ounce. At 11am PDT...

GOLD Two major economic indicators were released today. The U.S. Labor Department reported that last week’s Unemployment Claims hit a seven year low. The Consumer Price Index increased 0.3% last month, as the cost of gasoline surged. These economic indicators are considered negative for Gold and it moved lower today. At 11am PDT today, Gold was trading at $1,296 per...