Daily Market Report

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

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

Gold stayed above $4,100 in overseas trading last night, but dropped below $4,100 when trading started in the U.S. this morning... Barry Stuppler

As the Iranian war rages on, with missiles and drones coming from and to Iran, precious metals bottomed out and are moving higher... Barry Stuppler

Missiles are exploding in Iran, and precious metals prices are dropping worldwide... Barry Stuppler