Daily Market Report

Data showed U.S. consumer prices increased further in May as continued economic recovery from the pandemic boosted domestic demand . . . . Barry Stuppler

The bears took control of the Gold market in early overnight trading . . . . Barry Stuppler

Gold is trading in a tight range between $1,888 and $1,900 today, as traders wait . . . . Barry Stuppler

Gold traded today between $1,883 and $1,904 per ounce and it continues to consolidate ahead of the next leg higher . . . . Barry Stuppler

Comments from Treasury Secretary Janet Yellen at the Group of Seven finance ministers meeting in London over the weekend . . . . Barry Stuppler

Gold reached a low of $1,866 in Asian overnight trading before finding sizeable bargain buyers . . . . Barry Stuppler

A Federal Reserve president gave indications last night that the Fed may be tapering back the stimulus in the near future . . . . Barry Stuppler

Interest rates moved lower and the U.S. Dollar Index is again under 90, so Gold moved higher this morning . . . . Barry Stuppler

In overnight trading, Gold reached a high of $1,917 per ounce, then we saw the normal profit taking on an interest rate increase . . . . Barry Stuppler

Gold falls to $1,883 this morning in Asian and early European markets, then came the following announcement . . . . Barry Stuppler