Daily Market Report

After testing the key $4,500 per ounce support level yesterday, Gold rallied this morning... Barry Stuppler

Gold tested the $4,500 support level during U.S. trading this morning, reaching $4,509 before finding bargain buying... Barry Stuppler

With no news on any progress with peace talks for the Iranian war, the Gold price saw selling in late London and U.S. trading... Barry Stuppler

As precious metal trading moved into London and the U.S. this morning, Gold fell from the Chinese high of $4,730, below the $4,700 resistance level... Barry Stuppler

With another round of possible talks on the Iranian war scheduled for early next week, the Gold price found support and fresh buying this morning. . . Barry Stuppler

While Trump threatens to destroy Iranian boats laying mines in the Strait of Hormuz, and the Iranian say they are receiving revenue. . . Barry Stuppler

Gold rallied this morning on the extension of the Iranian ceasefire and a weaker U.S. Dollar plus a drop. . . Barry Stuppler

As the Iranian war news turned negative the Gold price headed south. . . Barry Stuppler

These events led Gold to drop $80, while oil and the U.S. Dollar rallied at the start of trading... Barry Stuppler

Gold traded at under $4,800 in oversea trading last night, but when it was announced that the Strait of Hormuz are open during U.S. trading Gold jumped... Barry Stuppler