Daily Market Report

The U.S. Dollar Index sells off, interest rates start heading lower and Gold breaks above $1,800 . . . . Barry Stuppler

Again, we are seeing the U.S. Dollar Index, interest rates and the equity markets continue to move higher, putting price pressure on precious metals . . . . Barry Stuppler

With the U.S. Dollar Index and interest rates moving higher this morning, Gold is locked in a tight trading range . . . . Barry Stuppler

Gold stayed above $1,800 all day, trading between $1,801 and $1,817 per ounce . . . . Barry Stuppler

After Yesterday’s Fed statement on timing of the taper and future interest rates, Gold quickly bottomed out at $1,753 . . . . Barry Stuppler

Gold is trading in a narrow $10 price range, between $1,762 and $1,772, as it awaits Chairman Powell’s announcement . . . . Barry Stuppler

The financial markets are all holding their breath awaiting Federal Reserve Chairman Powell’s announcement tomorrow . . . . Barry Stuppler

Gold traded this morning in the $1,780 to $1,790 per ounce area, as it moves towards the $1,800 per ounce resistance level . . . . Barry Stuppler

As higher inflation numbers are being reported around the world, the U.S. reported the November Consumer Price Index (CPI) today . . . . Barry Stuppler

Today, the U.S. Labor Department said that weekly jobless claims fell by 43,000 . . . . Barry Stuppler