Daily Market Report

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

Gold was trading under $1,780 per ounce, when a statement from Marko Kolanovic . . . . Barry Stuppler

Gold reached a low of $1,771 on news that the U.S. trade deficit shrank in November . . . . Barry Stuppler

The U.S. Dollar continues to move higher (above 96.4), which puts pressure on Gold valued in Dollars . . . . Barry Stuppler

This morning, the U.S. Labor Department released information on jobs for November . . . . Barry Stuppler