Daily Market Report

Gold tested the $1,750 per ounce support level again last night in Asian trading and held . . . . Barry Stuppler

The markets await the September Jobs data, which will be released later this week . . . . Barry Stuppler

This morning the U.S. Dollar and interest rates moved lower, which caused Gold to reach a high of $1,765 before seeing short-term profit taking . . . . Barry Stuppler

It was reported today that demand for unemployment benefits unexpectedly rose for a third straight week . . . . Barry Stuppler

This morning concerns about global weakening in economic growth caused the U.S. Dollar Index to soar, reaching a new 1-year high of 94.38 . . . . Barry Stuppler

A spike in interest rates and the U.S. Dollar is putting pressure on the precious metals and other financial markets . . . . Barry Stuppler

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