Daily Market Report

U.S. interest rates and the U.S. Dollar Index are trading at unchanged levels today, so Gold moved back above $1,800 per ounce . . . . Barry Stuppler

The U.S. Dollar Index sold off to under 97 today, as Gold briefly moved above the key $1,800 . . . . Barry Stuppler

The U.S. Dollar Index soared to a 1 ½ year high this morning of 97.40 . . . . Barry Stuppler

Yesterday’s statement of “Double tightening refers to monetary policy where the balance sheet run-off occurs at the same time as hiking interest rates” by Fed Chairman Powell caused a sell-off in precious metals . . . . Barry Stuppler

Silver is showing more price support than Gold today, with strong demand above the key $23.50 level . . . . Barry Stuppler

With most financial markets being highly volatile, the Gold price showed good consolidation trading between $1,835 and $1,845 . . . . Barry Stuppler

Gold reached a high of $1,844 in early morning trading before seeing heavy selling in everything (equities, Bitcoin, and Silver) . . . . Barry Stuppler

Overall, the bullish demand is getting stronger since Gold almost hit $1850 . . . . Barry Stuppler

Silver continues to be the star performer of precious metals . . . . Barry Stuppler

During early European trading, a report was released by the UK government that the current . . . . Barry Stuppler