Daily Market Report

Gold traded this morning in a $10 High/Low range from $1749 to $1759 per ounce as it builds a strong base after the recent decline . . . . Barry Stuppler

China announced new restrictions on Bitcoin trading this morning, which gave precious metals a shot in the arm . . . . Barry Stuppler

The Fed's message shows they are going to scale back their purchases by year-end 2021 . . . . Barry Stuppler

After yesterday’s $13 rally, Gold has traded in a tight $10 range between $1,770 and $1,780 per ounce . . . . Barry Stuppler

The Biden administration just unveiled new sanctions against the cryptocurrency exchanges . . . . Barry Stuppler

Today, we have the stock market, Bitcoin, the U.S. Dollar and interest rates dropping while Gold is moving higher . . . . Barry Stuppler

As the value of the U.S. Dollar continues to move higher (Above 93), it's putting more pressure on the price of precious metals . . . . Barry Stuppler

An unexpectedly strong increase in U.S. retail sales has boosted the value of the U.S. Dollar . . . . Barry Stuppler

Gold traded today in a narrow one percentage range between $1,790 and $1,808 per ounce as it continues . . . . Barry Stuppler

Gold moved above the key $1,800 resistance level this morning . . . . Barry Stuppler