Daily Market Report

Gold firmly moved above $2,000, hitting a six-month high of $2,017 per ounce early Monday as the dollar weakened and speculation increased that the Federal Reserve would pause its series of interest rate hikes next month... Barry Stuppler

In overnight trading in Asia and Europe gold traded between $1,990 and $2,006 per ounce with average volume... Barry Stuppler

This morning the U.S. Dollar has dropped (below 103.50) and interest are moving lower (under 4.4% on the 10-Year and what happened to Gold?... Barry Stuppler

Gold traded today in Asia and Europe between $1,963 and $1,983 per ounce in light trading... Barry Stuppler

It’s Friday, and the trading floor traders need to go home flat (which means not owning or short anything)... Barry Stuppler

The Fed is done raising interest rates environment is driving up the precious metal prices.... Barry Stuppler

Today, the US released the Producer Price Index (PPI) and Retail Sales from October, which was a decline of .5%.... Barry Stuppler

Today, the US Bureau of Labor Statistics showed a decrease in inflation to 3.2% (YoY) in October, while the Core CPI, which excludes the volatile prices of food and energy, recorded a 4% increase below the expected 4.1% rise.... Barry Stuppler

Last night in overnight trading, Gold reached a low of $1,931 before rallying back this morning in Europe and the U.S. to $1,947 per ounce.... Barry Stuppler

Gold and Silver Prices are notably lower today following an IMF Forum in Washington DC where Fed Chairman Jerome Powell spoke on the Fed’s Monetary Policy.... Barry Stuppler