Daily Market Report

After bullish information from the Fed yesterday and a State of the Union speak causing economist to figure out how high our deficit could grow, Gold rallied to over $1,790 per ounce . . . . Barry Stuppler

Gold tested support this morning in late Asian trading, reaching a low of $1,762 and found strong buying . . . . Barry Stuppler

Thinking about the quiet before the storm is like watching Gold and the other precious metals trading this week . . . . Barry Stuppler

While the U.S. Dollar and Interest rates remain near their recent lows, Gold is trading in a narrow range between $1,770 and $1,780 per ounce this morning . . . . Barry Stuppler

Gold reached a high of $1,797 per ounce this morning as details of President Biden's tax plan was released . . . . Barry Stuppler

Gold came off yesterday’s high of $1,799 on normal base building . . . . Barry Stuppler

It appears that the road for Gold reaching $1,800 per ounce is quicker than I originally thought . . . . Barry Stuppler

Gold continues to consolidate recent gains and build a base between $1,765 and $1,780 per ounce . . . . Barry Stuppler

Gold reached a 7-week high in Asian and early European markets this morning of $1,790 per ounce . . . . Barry Stuppler

Gold reached $1,785 per ounce in this morning trading, a two-month high and is preparing to break the $1,800 level . . . . Barry Stuppler