Barry Stuppler

The more Federal Reserve Chairman Powell talks about increasing interest rates, the more pressure is put on the value of precious metals. . . .Barry Stuppler

Today, the Gold price rallied during Asian and European overnight trading . . . .Barry Stuppler

This morning Gold reached a high of $1,934 on a weaker dollar and geopolitical uncertainty. . . .Barry Stuppler

Federal Reserve Chairman Powell testified to Congress last week. During his presentation, he indicated that the Fed is likely to raise the Fed Fund’s rate at least one time or more during the balance of 2023.... Barry Stuppler

In overnight European trading, a major buyer appeared (possibly a central bank) and drove the Gold price up $25 . . . .Barry Stuppler

In overnight trading, both the British and Swiss Central banks increased their interest rates, which drove precious metal prices lower. . . .Barry Stuppler

Federal Reserve Chairman Powell testified to Congress today. . . . .Barry Stuppler

It was reported this morning that the Chinese economy is slowing and the recovery is losing momentum. . . . Barry Stuppler

Last week the Federal Reserve left the Fed Funds rate unchanged at 5%, but gave an indication that it is likely that there could be two or more increases by year-end.... Barry Stuppler

In overnight trading Gold firmed up above the key $1,950 support level. . . .Barry Stuppler