Daily Market Report

A strong U.S. Dollar and higher interest rates caused Gold to briefly break down below the important $1,800 in overnight trading . . . . Barry Stuppler

With the U.S. Dollar Index and interest rates basically in a holding range, Gold is starting to show better demand . . . . Barry Stuppler

Staying above the key support $1,800 level is important, but moving above $1,820 signals a breakout . . . . Barry Stuppler

U.S. 10-Year treasuries reached a 5-month low of 1.298% this morning, which fueled a rally in the Gold market . . . . Barry Stuppler

As the U.S. Dollar lost value in overnight trading, reaching 92, the price of Gold kept on rallying, hitting a high of $1,816 per ounce . . . . Barry Stuppler

Gold rallied above $1,790 today on a report from the Federal Reserve . . . . Barry Stuppler

Gold is finding excellent demand above the $1,770 level and resistance at the $1,780 level as we roll into this long holiday weekend . . . . Barry Stuppler

Gold tested the $1,750 per ounce long-term support level this morning and held . . . . Barry Stuppler

Today, the U.S. June consumer confidence number jumped to 127.3 vs an expected 119.1, up from May at 117.2 . . . . Barry Stuppler

This morning’s move above 92 in the U.S. Dollar Index is keeping pressure on the Gold price . . . . Barry Stuppler