Daily Market Report

As the U.S. Dollar continues to rally (above 94.50), Gold remains in a holding pattern between $1,750 and $1,770 per ounce . . . . Barry Stuppler

Investors are awaiting to hear from the Federal Reserve for information on a stimulus tapering timetable . . . . Barry Stuppler

U.S. employers added just 194,000 new jobs in September, well below expectations . . . . Barry Stuppler

The bears took another unsuccessful run at Gold’s key $1,750 level last night . . . . Barry Stuppler

Both interest rates and the value of the U.S. Dollar increased (over 94) this morning . . . . Barry Stuppler

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