Daily Market Report

Gold has traded above and below the key $1,750 per ounce support level all day . . . . Barry Stuppler

The bargain buyers are coming back today, based on fears that COVID isn’t going away . . . . Barry Stuppler

Both the U.S. Dollar and Interest rates continue to move higher, which is putting pressure on the Gold price . . . . Barry Stuppler

After a highly volatile weekend, with Gold briefly breaking below the $1,700 support level . . . . Barry Stuppler

After the U.S. non-farm payrolls (NFP) report was released this morning, showing an unexpected increase of 943,000 jobs last month, Gold fell over 2% . . . . Barry Stuppler

Gold briefly tested the $1,800 per ounce support level this morning, reaching a low of $1,797 before quickly rallying back . . . . Barry Stuppler

Recently, watching Gold trade is like watching grass grow, not much excitement . . . . Barry Stuppler

Today the U.S. Dollar Index is above 92, the 10-Year Treasury rate is at 1.179%, and the Gold price is locked in a $1,806 to $1,816 trading range . . . . Barry Stuppler

The U.S. Dollar started to move higher in early European trading putting pressure on the Gold price . . . . Barry Stuppler

Gold sold off a little today, from yesterday’s high of $1,835 on lower than expected news . . . . Barry Stuppler