Barry Stuppler

Gold reached a low of $1,937 this morning as a reaction to last week’s Non-Farm Employment numbers, a strong Dollar, and higher 10-Year Treasuries.... Barry Stuppler

The May Non-Farm Employment numbers were reported this morning. The report showed an increase of 339,000, compared to the 190,000 that was forecasted.... Barry Stuppler

Both the U.S. Dollar Index and U.S. interest rates sold off this morning, leading to a stronger precious metal market in Europe and the U.S. commodity markets.... Barry Stuppler

May was not a good month for Gold investors. We started the month at $1,995, reached a high of $2,080 and a low of $1,934, and closed the month at $1,968, down $27 for the month.... Barry Stuppler

After reaching a low of $1,931 per ounce in late Asian and early European markets, the buyers came back. . . . Barry Stuppler

Last week and over the long holiday weekend, concerns about the negotiations over the debt ceiling problem dominated the direction of precious metal price trading. . . . Barry Stuppler

Concerns about the debt ceiling problem and a U.S. Dollar Index trading at 2-month high (over 104) continues to put pressure on precious metal prices. . . .Barry Stuppler

In overnight trading in Asia and Europe, Gold traded from $1,956 to $1,987 as it looks for support and finds increased demand.... Barry Stuppler

Gold moved down to $1,954 in early European trading before seeing sizeable bargain buying.... Barry Stuppler

Last week was truly ugly for Gold investors, as it was down $38 per ounce, closing the week $1,978 and under the key $2,000 per ounce level. . . .Barry Stuppler