Barry Stuppler

The Gold markets saw selling in the early morning and during U.S. trading, dropping $90 per ounce... Barry Stuppler

Strong demand for Gold is helping the price move higher this morning, as Gold moved over $4,100 per ounce during Chinese trading last night... Barry Stuppler

This morning there was sizeable buying of Gold on the opening of trading in London (Central Banks), which drove the price up to a high of $4,085 per ounce... Barry Stuppler

Last night in overseas Gold markets, Gold started by dropping to a low of $3,982, then moved above $4,000 after the Chinese market opened. Gold stayed above the $4,000 per ounce level during trading in India, London, and when U.S. trading opened... Barry Stuppler

Gold has been trading above and below the key $4,000 per ounce support level since June 22. During this time, Gold has reached a low of $3,940 and a high of $4,201 per ounce... Barry Stuppler

When the trading moved into the U.S., there was increased demand. . . Barry Stuppler

The U.S. Commerce Department announced today that U.S. retail sales rose 0.2% in June, following May. . . Barry Stuppler

With the Iranian war raging on with hundreds of attacks last night and Trump restarting the Iranian port blockade, Gold is showing excellent price support. . . Barry Stuppler

It was reported this morning that the June's Consumer Price Index (CPI) fell 0.4% in June after rising 0.5% in May, the largest monthly decline since April 2020. . . Barry Stuppler

Gold reached a low of $3,985.90 during U.S. started trading. The $4,000 per ounce level is a major support level and any serious break. . . Barry Stuppler