Daily Market Report

The U.S. Dollar Index broke below 90 this morning, which helped Gold reach $1,875 per ounce . . . . Barry Stuppler

This morning Gold traded above and below the key $1,850 level in Asian and early European trading, until low interest rates and U.S. Dollar caused a breakout . . . . Barry Stuppler

Demand came roaring back in late Asian and early European trading last night and Gold moved above the $1,840 level . . . . Barry Stuppler

The U.S. Dollar Index and interest rates are trading in a tight range and so is Gold . . . . Barry Stuppler

Today is the fifth trading day in a row that Gold has closed over $1,800 per ounce, and is now is establishing a base between $1,800 and $1,850 per ounce . . . . Barry Stuppler

U.S. Dollar Index is staying above 90, while U.S. 10-Year Treasuries moved back above 1.60% . . . . Barry Stuppler

This morning, the Dollar Index has dropped to 90.10 and 10-Year Treasuries are below 1.60% giving the Gold price a boost . . . . Barry Stuppler

A disappointing jobs report released this morning has given confirmation to the fact that that Federal Reserve is highly unlikely to raise interest rates in the near future . . . . Barry Stuppler

Yes, gold broke out, moving above $1,800 early this morning in European trading and all the short-sellers ran for cover . . . . Barry Stuppler

Other than a slight increase in the value of the U.S. Dollar the news and markets has been somewhat neutral . . . . Barry Stuppler