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

Gold has been trading in the $1,970 to $1,980 area today as we await news from a meeting between President Biden and Speaker McCarthy.... Barry Stuppler

A lower U.S. Dollar and concerns about a holdup in a U.S. debt ceiling agreement has driven the Gold price higher today.... Barry Stuppler