Daily Market Report

After reaching a high of $1,913 per ounce yesterday, Gold sold off on heavy profit taking late yesterday and this morning . . . . Barry Stuppler

Both the U.S. Dollar and interest rates are remaining low, which helped Gold reach a high of $1,913 per ounce in early morning trading today . . . . Barry Stuppler

The U.S. Dollar is staying under 90, 10-Year Interest rates are below 1.6%, Bitcoin is under $40,000 and Gold is moving higher . . . . Barry Stuppler

With the U.S. Dollar and interest rates staying low and pressure being put on Bitcoin, the Gold price is behaving well . . . . Barry Stuppler

As we move into the weekend, many commodity traders clear their positions, causing a little more volatility . . . . Barry Stuppler

Gold has traded today between $1,870 to $1,885 per ounce, as it continues to consolidate recent gains . . . . Barry Stuppler

Gold rallied $20 this morning as the Chinese government puts heavy restrictions on the use of Bitcoin . . . . Barry Stuppler

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