Daily Market Report

In early trading in Asia and Europe, a strong U.S. Dollar took the Gold price down to $1,785 per ounce, then came sizeable buying that lifted the price to over $1,795 . . . . Barry Stuppler

A small increase in today’s reported Producer Price Index to 0.7% for August kept Gold . . . . Barry Stuppler

Gold reached a low of $1,783 per ounce in oversea markets . . . . Barry Stuppler

A stronger U.S. Dollar (above 92.83) isn’t helping the precious metal prices . . . . Barry Stuppler

This morning, both the U.S. Dollar and interest rates moved higher, putting pressure on the Gold price . . . . Barry Stuppler

A very disappointing August U.S. Jobs report drove the price of Gold and Silver higher this morning . . . . Barry Stuppler

Gold is trading in a narrow trading range, awaiting tomorrow’s employment news . . . . Barry Stuppler

The August ADP payroll data only gained 374,000 jobs, below the expected 600,000 . . . . Barry Stuppler

Silver isn’t showing the same price support as Gold, and needs to get back above $24 soon . . . . Barry Stuppler

the Gold price traded in a narrow $10 High/Low range . . . . Barry Stuppler