Daily Market Report

A sharp move higher this morning for both the U.S. Dollar and interest rates put precious metals on the defensive . . . . Barry Stuppler

That price motivated bargain buying and the price quickly moved back over $1,800 and kept on going as demand increased . . . . Barry Stuppler

Gold tested support this morning, reaching a low of $1,788 per ounce before bouncing back . . . . Barry Stuppler

I like the fact that Gold is building a firm base over the key $1,800 support level during the holidays . . . . Barry Stuppler

Concerns about the Omicron variant spreading throughout the world is keeping the U.S Dollar Index above the key 96 level . . . . Barry Stuppler

Gold is continuing its rally, reaching a high of $1,812 today on excellent volume for a holiday week . . . . Barry Stuppler

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