Daily Market Report

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

Gold reached a high of $1,791 this morning before seeing weekend trading . . . . Barry Stuppler

Gold continues to be stuck in the $1,770 to $1,790 per ounce trading range . . . . Barry Stuppler

Gold found strong support above the $1,780 level in Europe this morning . . . . Barry Stuppler

Gold traded in a tight $10 High/Low range today, between $1,772 and $1,782 per ounce . . . . Barry Stuppler

Gold firmed up above the recent low of $1,765 and saw sizeable bargain buying . . . . Barry Stuppler